Wellington Management Group LLP trimmed its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,410,035 shares of the company's stock after selling 696,437 shares during the period. Wellington Management Group LLP owned 4.95% of US Foods worth $769,721,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of US Foods during the fourth quarter valued at $211,300,000. Artisan Partners Limited Partnership acquired a new position in US Foods during the 4th quarter valued at about $171,107,000. Public Sector Pension Investment Board raised its position in shares of US Foods by 100.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company's stock worth $369,000 after buying an additional 2,500,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of US Foods in the 4th quarter worth approximately $48,611,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of US Foods by 307.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company's stock valued at $43,145,000 after acquiring an additional 482,461 shares in the last quarter. Institutional investors own 98.76% of the company's stock.
Insiders Place Their Bets
In related news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction dated 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 completion of the transaction, the director now directly owns 4,500 shares of the company's stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company's stock.
US Foods Trading Down 5.0 %
Shares of US Foods stock traded down $3.22 during trading on Friday, hitting $61.80. The stock had a trading volume of 3,361,588 shares, compared to its average volume of 1,962,604. 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 company has a market capitalization of $14.24 billion, a PE ratio of 30.59, a P/E/G ratio of 1.03 and a beta of 1.38. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The stock has a 50 day simple moving average of $68.23 and a 200 day simple moving average of $66.63.
US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have weighed in on USFD. Truist Financial upped their target price on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. StockNews.com cut US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Piper Sandler lifted 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 started coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price target for the company. Finally, Melius Research raised shares of US Foods to a "strong-buy" rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $71.09.
Get Our Latest Stock Report on USFD
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.
Read More
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
