Nuveen Asset Management LLC Has $49.04 Million Holdings in US Foods Holding Corp. (NYSE:USFD)

Nuveen Asset Management LLC lessened its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 12.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners grew 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 acquiring an additional 77,012 shares in the last quarter. JPMorgan Chase & Co. boosted its position in 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 stake in US Foods during the fourth quarter valued at about $211,300,000. Artisan Partners Limited Partnership purchased a new stake in US Foods during the fourth quarter valued at about $171,107,000. Finally, Ameriprise Financial Inc. boosted its position in 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 period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Trading Down 0.0%

USFD stock traded down $0.01 during midday trading on Friday, hitting $75.88. The stock had a trading volume of 1,974,022 shares, compared to its average volume of 2,030,107. The firm has a market cap of $17.55 billion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $78.18. The company's 50-day moving average price is $66.93 and its 200 day moving average price is $68.12.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results 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 net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.35 billion during the quarter, compared to analysts' expectations of $9.42 billion. During the same period in the prior year, the business posted $0.54 EPS. The business's revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the company'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 transaction, the executive vice president now owns 115,077 shares in the company, valued at approximately $8,630,775. This represents a 11.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on USFD shares. Piper Sandler increased their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday. Morgan Stanley increased their price target on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. UBS Group increased their price target on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Citigroup began coverage on US Foods in a research note on Thursday. They issued a "buy" rating and a $95.00 price target on the stock. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, US Foods currently has a consensus rating of "Buy" and an average price target of $75.92.

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.