Invesco Ltd. decreased its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,196,014 shares of the company's stock after selling 37,792 shares during the quarter. Invesco Ltd. owned about 2.66% of US Foods worth $417,983,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners increased its holdings in US Foods by 0.6% during the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after purchasing an additional 77,012 shares in the last quarter. State Street Corp raised its position in shares of US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after purchasing an additional 316,061 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of US Foods by 7.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after buying an additional 292,404 shares during the period. Geode Capital Management LLC increased its holdings in US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company's stock worth $244,401,000 after purchasing an additional 241,900 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of US Foods in the fourth quarter valued at approximately $211,300,000. Institutional investors own 98.76% of the company's stock.
US Foods Stock Up 1.2 %
US Foods stock traded up $0.73 during mid-day trading on Monday, reaching $63.40. The stock had a trading volume of 338,118 shares, compared to its average volume of 1,978,127. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 1.03 and a beta of 1.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The company has a 50-day moving average price of $66.97 and a two-hundred day moving average price of $66.65. US Foods Holding Corp. has a one year low of $49.65 and a one year high of $73.19.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. On average, analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on USFD shares. Morgan Stanley raised their target price on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Truist Financial increased their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Piper Sandler boosted their price target on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. StockNews.com downgraded US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Finally, Melius Research upgraded shares of US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $71.83.
Check Out Our Latest Stock Analysis on US Foods
Insider Buying and Selling at US Foods
In related news, Director David W. Bullock bought 4,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now directly owns 4,500 shares of the company's stock, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company's stock.
US Foods Company Profile
(
Free Report)
US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.
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