Wedge Capital Management L L P NC lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,781 shares of the company's stock after selling 3,316 shares during the period. Wedge Capital Management L L P NC's holdings in US Foods were worth $2,080,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. EntryPoint Capital LLC purchased a new position in US Foods in the fourth quarter valued at about $357,000. Longbow Finance SA bought a new position in shares of US Foods during the 4th quarter worth approximately $9,001,000. Avantax Advisory Services Inc. boosted its stake in US Foods by 121.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock valued at $751,000 after acquiring an additional 6,108 shares in the last quarter. Man Group plc boosted its stake in US Foods by 307.3% in the fourth quarter. Man Group plc now owns 414,629 shares of the company's stock valued at $27,971,000 after acquiring an additional 312,833 shares in the last quarter. Finally, Redwood Investment Management LLC increased its position in shares of US Foods by 178.1% during the fourth quarter. Redwood Investment Management LLC now owns 75,653 shares of the company's stock worth $5,104,000 after purchasing an additional 48,448 shares in the last quarter. Institutional investors own 98.76% of the company's stock.
US Foods Trading Down 0.1%
Shares of USFD stock traded down $0.05 during trading on Thursday, hitting $75.94. 223,695 shares of the stock traded hands, compared to its average volume of 2,020,557. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $79.64. The firm's fifty day moving average price is $70.21 and its 200-day moving average price is $69.07. The firm has a market capitalization of $17.57 billion, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44. 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 (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share 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 for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. US Foods's revenue was up 4.5% on a year-over-year basis. As a group, research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. UBS Group boosted their price target on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Truist Financial boosted their price objective 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. Piper Sandler increased their price target 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. Barclays increased their price objective on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, May 20th. One 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $76.75.
Read Our Latest Stock Report on USFD
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 that occurred on 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 completion of the transaction, the executive vice president now 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 legal filing with the SEC, which is available at this link. Company insiders own 0.60% of the company's stock.
About US Foods
(
Free Report)
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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