Mackenzie Financial Corp Sells 10,623 Shares of US Foods Holding Corp. (NYSE:USFD)

Mackenzie Financial Corp trimmed its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 60.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,915 shares of the company's stock after selling 10,623 shares during the period. Mackenzie Financial Corp's holdings in US Foods were worth $466,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Boston Partners raised its position in shares of US Foods by 0.6% during the fourth 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 during the last quarter. JPMorgan Chase & Co. raised its position in shares of US Foods by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after buying an additional 292,404 shares during the last quarter. Norges Bank acquired a new position in shares of US Foods during the fourth quarter valued at about $211,300,000. Artisan Partners Limited Partnership acquired a new position in shares of US Foods during the fourth quarter valued at about $171,107,000. Finally, Ameriprise Financial Inc. raised its position in shares of US Foods by 1.7% during 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 last quarter. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on USFD. 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 note on Friday, May 9th. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Truist Financial raised their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Barclays increased their price target on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, UBS Group raised their price objective on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods currently has a consensus rating of "Buy" and an average price target of $76.75.

Insider Buying and Selling at US Foods

In other news, EVP Dirk J. Locascio sold 15,000 shares of the business'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 transaction, the executive vice president now directly owns 115,077 shares in the company, valued at $8,630,775. The trade was a 11.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company's stock.

US Foods Stock Up 0.2%

Shares of NYSE:USFD traded up $0.18 during midday trading on Friday, reaching $77.79. 1,253,621 shares of the company were exchanged, compared to its average volume of 2,029,527. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $79.64. 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 stock has a fifty day simple moving average of $69.49 and a two-hundred day simple moving average of $68.91. The firm has a market cap of $18.00 billion, a PE ratio of 38.51, a P/E/G ratio of 1.03 and a beta of 1.44.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company's revenue was up 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current 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.