Tensile Capital Management LP Has $57.09 Million Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Tensile Capital Management LP trimmed its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 846,314 shares of the company's stock after selling 85,000 shares during the quarter. US Foods comprises 5.9% of Tensile Capital Management LP's holdings, making the stock its 6th biggest position. Tensile Capital Management LP owned about 0.36% of US Foods worth $57,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions 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 purchasing an additional 77,012 shares during the period. JPMorgan Chase & Co. boosted its stake 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 in the last quarter. Norges Bank acquired a new position in US Foods during the fourth quarter worth about $211,300,000. Artisan Partners Limited Partnership bought a new stake in US Foods in the fourth quarter worth about $171,107,000. Finally, Ameriprise Financial Inc. raised its position in US Foods by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock worth $144,119,000 after acquiring an additional 36,307 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on USFD. Barclays raised their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. UBS Group upped 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. JPMorgan Chase & Co. raised their target price on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday. Truist Financial boosted their price target on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $74.18.

US Foods Stock Up 0.7%

USFD stock traded up $0.57 during midday trading on Tuesday, reaching $77.80. The company had a trading volume of 2,365,922 shares, compared to its average volume of 2,022,887. The company has a 50 day moving average of $66.30 and a two-hundred day moving average of $67.85. The company has a market capitalization of $18.00 billion, a P/E ratio of 38.52, a PEG 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 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 (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $9.42 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction 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 completion of the sale, the executive vice president now owns 115,077 shares of the company's stock, valued at approximately $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 accessible through this link. 0.60% of the stock is currently owned by company insiders.

About US Foods

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.