US Foods Holding Corp. (NYSE:USFD) is Tensile Capital Management LP's 6th Largest Position

Tensile Capital Management LP trimmed its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 846,314 shares of the company's stock after selling 85,000 shares during the period. US Foods accounts for 5.9% of Tensile Capital Management LP's portfolio, making the stock its 6th biggest position. Tensile Capital Management LP owned approximately 0.36% of US Foods worth $57,092,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC lifted its holdings in shares of US Foods by 4.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock valued at $279,000 after purchasing an additional 160 shares during the last quarter. Arizona State Retirement System raised its stake in US Foods by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock valued at $4,549,000 after buying an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after acquiring an additional 178 shares in the last quarter. GeoWealth Management LLC boosted its holdings in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Vestcor Inc grew its stake in shares of US Foods by 1.0% in the fourth quarter. Vestcor Inc now owns 20,200 shares of the company's stock worth $1,363,000 after acquiring an additional 195 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

USFD has been the subject of several recent analyst reports. Barclays lifted their price target 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 lifted their target price on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their price target on shares of US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday. Piper Sandler boosted their price objective 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. Finally, Citigroup started coverage on US Foods in a research report on Thursday. They issued a "buy" rating and a $95.00 price objective on the stock. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, US Foods presently has an average rating of "Buy" and an average price target of $75.92.

US Foods Stock Performance

USFD traded up $0.37 during mid-day trading on Friday, reaching $76.26. 626,221 shares of the company traded hands, compared to its average volume of 2,021,419. The stock has a market capitalization of $17.64 billion, a P/E ratio of 37.84, a P/E/G ratio of 1.03 and a beta of 1.35. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $78.18. 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 company's fifty day moving average price is $66.71 and its 200-day moving average price is $68.01.

US Foods (NYSE:USFD - Get Free Report) last posted 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 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 analysts' expectations of $9.42 billion. During the same quarter last year, the company posted $0.54 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Activity at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

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.