Cresset Asset Management LLC reduced its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 81.0% in the 4th quarter, according to its most recent filing with the SEC. The firm 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.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners increased its position in shares of US Foods by 0.6% in the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after buying an additional 77,012 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of US Foods by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock worth $290,369,000 after purchasing an additional 292,404 shares during the last quarter. Norges Bank acquired a new position in US Foods during the fourth quarter worth $211,300,000. Artisan Partners Limited Partnership bought a new stake in shares of US Foods in the 4th quarter valued at about $171,107,000. Finally, Ameriprise Financial Inc. raised its stake in US Foods by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after buying an additional 36,307 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at US Foods
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the sale, the executive vice president now directly owns 115,077 shares of the company's stock, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.
US Foods Price Performance
NYSE:USFD traded down $0.79 during trading hours on Wednesday, hitting $77.05. 153,238 shares of the stock traded hands, compared to its average volume of 2,015,699. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 38.17, a price-to-earnings-growth 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 $78.18. The stock has a 50 day moving average price of $66.30 and a 200 day moving average price of $67.85. 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 (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Sell-side analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Truist Financial upped their price objective on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday. Guggenheim reiterated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. Finally, Morgan Stanley increased their price target on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, US Foods presently has a consensus rating of "Buy" and an average price target of $74.18.
Check Out Our Latest Analysis on US Foods
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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