Federated Hermes Inc. lifted its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 53.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,692 shares of the company's stock after purchasing an additional 30,762 shares during the quarter. Federated Hermes Inc.'s holdings in US Foods were worth $5,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in shares of US Foods during the 4th quarter valued at $211,300,000. Artisan Partners Limited Partnership bought a new position in US Foods in the fourth quarter valued at about $171,107,000. Raymond James Financial Inc. purchased a new position in US Foods in the fourth quarter worth about $48,611,000. Arrowstreet Capital Limited Partnership boosted its position in US Foods by 307.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company's stock worth $43,145,000 after purchasing an additional 482,461 shares during the last quarter. Finally, Primecap Management Co. CA increased its position in shares of US Foods by 129.3% during the 4th quarter. Primecap Management Co. CA now owns 659,021 shares of the company's stock valued at $44,458,000 after purchasing an additional 371,613 shares during the last quarter. 98.76% of the stock is owned by institutional investors.
US Foods Price Performance
NYSE USFD traded down $0.42 during trading hours on Tuesday, reaching $63.07. The company's stock had a trading volume of 1,301,325 shares, compared to its average volume of 1,980,874. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The firm's 50-day moving average price is $66.80 and its 200-day moving average price is $66.67. The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of 31.22, a PEG 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 analysts' consensus estimates of $0.79 by ($0.01). The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Transactions at US Foods
In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on USFD. StockNews.com lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Morgan Stanley boosted their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Piper Sandler raised their target price on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Melius Research raised US Foods to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, Barclays raised their price objective on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. One 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $71.83.
Get Our Latest Analysis on US Foods
US Foods 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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