Nuveen Asset Management LLC Trims Holdings in US Foods Holding Corp. (NYSE:USFD)

Nuveen Asset Management LLC reduced its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726,918 shares of the company's stock after selling 100,177 shares during the quarter. Nuveen Asset Management LLC owned about 0.31% of US Foods worth $49,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners lifted its position in US Foods by 0.6% in the fourth quarter. Boston Partners now owns 12,744,006 shares of the company's stock worth $860,460,000 after buying an additional 77,012 shares during the last quarter. JPMorgan Chase & Co. increased its stake 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 period. Norges Bank purchased a new position in shares of US Foods during the fourth quarter valued at $211,300,000. Artisan Partners Limited Partnership purchased a new position in shares of US Foods during the fourth quarter valued at $171,107,000. Finally, Ameriprise Financial Inc. grew 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 purchasing an additional 36,307 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Price Performance

Shares of NYSE USFD opened at $77.22 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a twelve month low of $50.05 and a twelve month high of $77.68. The stock has a 50 day moving average of $66.02 and a two-hundred day moving average of $67.78. The stock 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 (NYSE:USFD - Get Free Report) last released its earnings results 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). 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 analyst estimates of $9.42 billion. During the same period in the previous year, the firm posted $0.54 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction 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 in the company, valued at $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on USFD. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Barclays upped their price objective on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Morgan Stanley increased their target price on US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Truist Financial increased 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. Finally, Piper Sandler raised their target price on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. One equities 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 stock. Based on data from MarketBeat.com, US Foods has a consensus rating of "Buy" and a consensus target price of $73.00.

US Foods Company 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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