Wedge Capital Management L L P NC Sells 18,167 Shares of US Foods Holding Corp. (NYSE:USFD)

Wedge Capital Management L L P NC reduced its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,736 shares of the company's stock after selling 18,167 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.07% of US Foods worth $7,935,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its position in US Foods by 138.6% during the 4th quarter. State of Alaska Department of Revenue now owns 64,425 shares of the company's stock valued at $2,925,000 after buying an additional 37,425 shares in the last quarter. Wellington Management Group LLP increased its position in US Foods by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,870,370 shares of the company's stock valued at $113,954,000 after buying an additional 199,269 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in US Foods during the 4th quarter valued at about $1,269,000. Nordea Investment Management AB increased its position in US Foods by 102.1% during the 4th quarter. Nordea Investment Management AB now owns 109,958 shares of the company's stock valued at $4,991,000 after buying an additional 55,554 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in US Foods during the 4th quarter valued at about $1,639,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Price Performance

Shares of NYSE USFD traded up $0.02 during midday trading on Wednesday, hitting $50.77. The stock had a trading volume of 1,105,090 shares, compared to its average volume of 1,723,281. The company has a market capitalization of $12.45 billion, a PE ratio of 25.12, a P/E/G ratio of 0.85 and a beta of 1.58. The stock has a 50 day simple moving average of $51.89 and a 200-day simple moving average of $46.31. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $54.94. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96.

US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a net margin of 1.42% and a return on equity of 13.41%. The firm had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.81 billion. On average, sell-side analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on USFD. BTIG Research upped their target price on US Foods from $52.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Morgan Stanley increased their price objective on US Foods from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Friday, April 12th. UBS Group raised US Foods from a "neutral" rating to a "buy" rating and increased their price objective for the company from $47.00 to $64.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. raised their target price on US Foods from $50.00 to $52.00 and gave the stock a "neutral" rating in a report on Tuesday, March 19th. Finally, Piper Sandler raised US Foods from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $45.00 to $59.00 in a report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $54.92.

Insider Activity at US Foods

In other US Foods news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction 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 sale, the executive vice president now owns 148,561 shares in the company, valued at $7,802,423.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company's stock.

US Foods 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.