Woodline Partners LP Cuts Stake in US Foods Holding Corp. (NYSE:USFD)

Woodline Partners LP trimmed its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 15.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 740,955 shares of the company's stock after selling 130,462 shares during the quarter. Woodline Partners LP owned about 0.32% of US Foods worth $49,985,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC purchased a new stake in US Foods during the 4th quarter valued at about $25,000. GeoWealth Management LLC boosted its holdings in shares of US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of US Foods during the 4th quarter valued at about $32,000. Finally, True Wealth Design LLC boosted its holdings in shares of US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after acquiring an additional 298 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of the firm's 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 transaction, the executive vice president now directly owns 115,077 shares of the company's stock, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.

US Foods Trading Up 0.8%

Shares of USFD opened at $77.22 on Tuesday. 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 1 year low of $50.05 and a 1 year high of $77.68. The company has a 50 day simple moving average of $66.02 and a two-hundred day simple moving average of $67.78. The firm has a market cap of $17.86 billion, a P/E ratio of 38.23, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $9.42 billion. During the same period last year, the business earned $0.54 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Piper Sandler raised their price target on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Barclays raised their price target on shares of US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, February 14th. UBS Group raised their price target on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Truist Financial increased their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, US Foods currently has a consensus rating of "Buy" and an average 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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