FMR LLC lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 11.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,523,147 shares of the company's stock after selling 2,456,885 shares during the quarter. FMR LLC owned 8.38% of US Foods worth $1,317,032,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. Public Sector Pension Investment Board raised its position in US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company's stock valued at $369,000 after purchasing an additional 2,500,000 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in US Foods in the third quarter valued at approximately $328,000. HighTower Advisors LLC lifted its stake in US Foods by 16.8% in the third quarter. HighTower Advisors LLC now owns 23,419 shares of the company's stock worth $1,442,000 after acquiring an additional 3,368 shares during the last quarter. Stifel Financial Corp grew its holdings in US Foods by 38.4% during the 3rd quarter. Stifel Financial Corp now owns 13,457 shares of the company's stock worth $828,000 after acquiring an additional 3,734 shares in the last quarter. Finally, State Street Corp increased its position in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after purchasing an additional 316,061 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares of the company's stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company's stock.
US Foods Stock Performance
Shares of NYSE USFD traded down $0.09 during mid-day trading on Friday, hitting $62.53. 3,766,855 shares of the company were exchanged, compared to its average volume of 1,982,449. The stock has a 50 day simple moving average of $66.97 and a 200-day simple moving average of $66.62. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38.
US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to analysts' expectations of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the company. Piper Sandler lifted their price target on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report 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. UBS Group increased their price target on shares of US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Truist Financial boosted their price objective 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. Finally, Barclays boosted their price target on shares of US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $71.09.
View Our Latest Stock Analysis on USFD
About US Foods
(
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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