Cresset Asset Management LLC Has $443,000 Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Cresset Asset Management LLC decreased its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 81.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,562 shares of the company's stock after selling 27,970 shares during the period. Cresset Asset Management LLC's holdings in US Foods were worth $443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Legacy Wealth Asset Management LLC grew its position in US Foods by 4.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock valued at $279,000 after acquiring an additional 160 shares during the period. Arizona State Retirement System lifted its position in US Foods by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock worth $4,549,000 after buying an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares in the last quarter. GeoWealth Management LLC raised its position in US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the last quarter. Finally, Vestcor Inc lifted its stake in shares of US Foods by 1.0% during the fourth quarter. Vestcor Inc now owns 20,200 shares of the company's stock valued at $1,363,000 after acquiring an additional 195 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

USFD has been the topic of a number of research reports. Morgan Stanley upped their target price on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. UBS Group increased their price objective on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 9th. Guggenheim reaffirmed a "buy" rating and set a $80.00 target price on shares of US Foods in a report on Monday, May 12th. Truist Financial upped their target price on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, US Foods presently has a consensus rating of "Buy" and a consensus target price of $73.00.

US Foods Stock Up 0.8%

USFD stock traded up $0.59 during mid-day trading on Monday, hitting $77.22. 2,400,047 shares of the company were exchanged, compared to its average volume of 2,017,744. The firm has a market cap of $17.86 billion, a P/E ratio of 38.23, a P/E/G ratio of 1.03 and a beta of 1.35. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $77.66. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The firm's 50 day simple moving average is $65.78 and its 200 day simple moving average is $67.67.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David W. Bullock bought 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares of the company's stock, valued at approximately $319,770. The trade was a 800.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president now owns 115,077 shares of the company's stock, valued at approximately $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

About US Foods

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.