Wright Investors Service Inc. reduced its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 46.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,584 shares of the company's stock after selling 12,435 shares during the quarter. Wright Investors Service Inc.'s holdings in US Foods were worth $955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of USFD. Boston Partners grew its position in shares of US Foods by 0.6% during 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 acquiring an additional 292,404 shares in the last quarter. Norges Bank purchased a new position in shares of US Foods in the fourth quarter worth about $211,300,000. Artisan Partners Limited Partnership acquired a new stake in US Foods during the fourth quarter worth about $171,107,000. Finally, Ameriprise Financial Inc. increased its position in shares of US Foods by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after buying an additional 36,307 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Stock Down 1.1%
US Foods stock traded down $0.89 during mid-day trading on Tuesday, hitting $78.00. 1,766,368 shares of the company's stock were exchanged, compared to its average volume of 2,040,272. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The stock has a market cap of $18.05 billion, a P/E ratio of 38.61, a P/E/G 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 $79.64. The stock has a 50 day moving average of $68.76 and a two-hundred day moving average of $68.67.
US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion during 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%. The firm's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. As a group, analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Activity at US Foods
In other US Foods 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 sale, the executive vice president now directly owns 115,077 shares in the company, valued at approximately $8,630,775. The trade was a 11.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Truist Financial lifted their price target on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. UBS Group boosted their price objective on US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 9th. Morgan Stanley upped their price target on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Barclays upped their price target on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $75.92.
Check Out Our Latest Stock Analysis on US Foods
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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