Comerica Bank reduced its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,061 shares of the company's stock after selling 6,360 shares during the quarter. Comerica Bank's holdings in US Foods were worth $6,143,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in USFD. Norges Bank bought a new stake in US Foods during the 4th quarter worth $211,300,000. Artisan Partners Limited Partnership bought a new position in shares of US Foods during the 4th quarter worth approximately $171,107,000. Raymond James Financial Inc. acquired a new position in shares of US Foods during the fourth quarter valued at about $48,611,000. AQR Capital Management LLC raised its stake in US Foods by 133.8% during the 4th quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company's stock worth $77,708,000 after buying an additional 659,283 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in 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 during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.
US Foods Trading Up 3.4 %
Shares of USFD traded up $2.30 during midday trading on Wednesday, hitting $69.34. The stock had a trading volume of 3,630,041 shares, compared to its average volume of 2,002,202. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $73.19. 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 stock's 50 day moving average is $64.84 and its 200 day moving average is $66.96. The firm has a market cap of $15.98 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. As a group, analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Morgan Stanley upped their price objective on 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 boosted their target price on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Barclays increased their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, UBS Group raised their price objective on shares of US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $71.83.
View Our Latest Research Report on USFD
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 on Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares in the company, valued at $319,770. This represents a 800.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.60% of the company's stock.
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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