Allspring Global Investments Holdings LLC Has $283,000 Position in US Foods Holding Corp. (NYSE:USFD)

Allspring Global Investments Holdings LLC reduced its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 50.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,296 shares of the company's stock after selling 4,428 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in US Foods were worth $283,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Highland Capital Management LLC raised its stake in US Foods by 25.4% during the 1st quarter. Highland Capital Management LLC now owns 4,781 shares of the company's stock valued at $313,000 after purchasing an additional 969 shares during the period. Artemis Investment Management LLP raised its stake in US Foods by 30.8% during the 1st quarter. Artemis Investment Management LLP now owns 466,238 shares of the company's stock valued at $30,520,000 after purchasing an additional 109,720 shares during the period. Moran Wealth Management LLC acquired a new stake in US Foods during the 1st quarter valued at $6,896,000. Sheets Smith Wealth Management raised its stake in US Foods by 26.1% during the 1st quarter. Sheets Smith Wealth Management now owns 10,791 shares of the company's stock valued at $706,000 after purchasing an additional 2,233 shares during the period. Finally, First American Bank acquired a new stake in US Foods during the 1st quarter valued at $2,520,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

USFD has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Barclays boosted their price target on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Guggenheim restated a "buy" rating and set a $80.00 price target on shares of US Foods in a report on Monday, May 12th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Finally, UBS Group boosted their price target 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. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, US Foods has a consensus rating of "Buy" and an average price target of $77.00.

Insider Transactions at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the completion of the sale, the executive vice president directly owned 115,077 shares in the company, valued at $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.60% of the company's stock.

US Foods Trading Up 0.4%

Shares of NYSE:USFD opened at $80.61 on Friday. The stock has a market capitalization of $18.65 billion, a PE ratio of 36.98, a P/E/G ratio of 1.16 and a beta of 1.41. US Foods Holding Corp. has a 1 year low of $50.49 and a 1 year high of $81.63. The firm has a fifty day moving average price of $76.31 and a 200 day moving average price of $70.26. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The business had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. Analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

US Foods Profile

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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