Woodline Partners LP decreased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 15.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 740,955 shares of the company's stock after selling 130,462 shares during the period. Woodline Partners LP owned about 0.32% of US Foods worth $49,985,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new position in shares of US Foods in the fourth quarter worth approximately $357,000. Longbow Finance SA bought a new position in shares of US Foods in the fourth quarter worth approximately $9,001,000. Avantax Advisory Services Inc. boosted its holdings 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. Merit Financial Group LLC bought a new stake in US Foods in the fourth quarter valued at $413,000. Finally, Westover Capital Advisors LLC boosted its holdings in US Foods by 199.2% in the fourth quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company's stock valued at $1,735,000 after acquiring an additional 17,125 shares in the last quarter. Institutional investors own 98.76% of the company's stock.
Insider Activity
In other news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 115,077 shares of the company's stock, valued at $8,630,775. This represents a 11.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on USFD. Morgan Stanley lifted 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. Barclays upped their price target on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. UBS Group upped 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. Guggenheim reiterated a "buy" rating and issued a $80.00 price target on shares of US Foods in a research note on Monday, May 12th. Finally, Truist Financial upped their price target 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 investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $75.92.
Check Out Our Latest Research Report on US Foods
US Foods Stock Performance
USFD traded down $0.01 during midday trading on Friday, hitting $75.88. 1,974,022 shares of the company traded hands, compared to its average volume of 2,030,107. 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 firm has a market capitalization 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's 50-day moving average is $66.93 and its 200 day moving average is $68.11. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $78.18.
US Foods (NYSE:USFD - Get Free Report) last posted its 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). The company had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. US Foods's revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. On average, research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.
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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