Assenagon Asset Management S.A. Has $6.99 Million Stake in US Foods Holding Corp. (NYSE:USFD)

Assenagon Asset Management S.A. trimmed its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 78.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,888 shares of the company's stock after selling 573,533 shares during the period. Assenagon Asset Management S.A. owned approximately 0.06% of US Foods worth $6,988,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in shares of US Foods by 67.4% in the 1st quarter. NewEdge Advisors LLC now owns 708 shares of the company's stock worth $26,000 after purchasing an additional 285 shares in the last quarter. KB Financial Partners LLC purchased a new stake in US Foods in the first quarter worth approximately $34,000. Anchor Investment Management LLC purchased a new stake in US Foods in the fourth quarter worth approximately $47,000. Fifth Third Bancorp grew its position in US Foods by 36.1% during the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company's stock valued at $47,000 after acquiring an additional 316 shares during the last quarter. Finally, Money Concepts Capital Corp purchased a new position in shares of US Foods during the fourth quarter worth approximately $46,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Down 1.0 %

Shares of NYSE USFD traded down $0.53 during mid-day trading on Friday, hitting $53.97. 1,652,435 shares of the stock traded hands, compared to its average volume of 1,498,267. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $54.94. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 26.72, a PEG ratio of 0.90 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. The stock has a fifty day moving average price of $50.18 and a 200-day moving average price of $44.90.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The firm had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.81 billion. Research analysts anticipate that US Foods Holding Corp. will post 2.91 EPS for the current year.

Insider Activity

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the transaction, the executive vice president now directly owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of US Foods from $50.00 to $52.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 19th. BMO Capital Markets lifted their price objective on US Foods from $50.00 to $58.00 and gave the stock an "outperform" rating in a report on Friday, February 16th. Truist Financial increased their target price on US Foods from $52.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. Piper Sandler raised US Foods from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $45.00 to $59.00 in a research note on Tuesday, February 20th. Finally, StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $54.42.

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.