Chescapmanager LLC Trims Stake in US Foods Holding Corp. (NYSE:USFD)

Chescapmanager LLC trimmed its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 648,457 shares of the company's stock after selling 67,866 shares during the period. US Foods accounts for about 4.7% of Chescapmanager LLC's portfolio, making the stock its 9th biggest holding. Chescapmanager LLC owned approximately 0.28% of US Foods worth $43,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Wealth Asset Management LLC lifted its holdings in US Foods by 4.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock worth $279,000 after purchasing an additional 160 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of US Foods by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock worth $4,549,000 after buying an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of US Foods by 59.5% in the fourth 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 period. GeoWealth Management LLC grew its stake in shares of US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Vestcor Inc increased its position in US Foods by 1.0% during the fourth quarter. Vestcor Inc now owns 20,200 shares of the company's stock worth $1,363,000 after acquiring an additional 195 shares during the period. 98.76% of the stock is owned by institutional investors.

US Foods Price Performance

Shares of USFD stock traded down $0.17 on Friday, reaching $71.64. The company had a trading volume of 2,526,434 shares, compared to its average volume of 2,004,935. The business's 50-day moving average is $64.89 and its 200 day moving average is $67.15. US Foods Holding Corp. has a one year low of $50.05 and a one year high of $73.19. 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 stock has a market capitalization of $16.51 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS 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%. US Foods's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. Equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the transaction, the director now owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on USFD. UBS Group boosted their price objective on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday. Guggenheim reissued a "buy" rating and set a $80.00 price target on shares of US Foods in a research report on Monday, April 14th. StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Morgan Stanley upped their target price on US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Truist Financial raised their price target on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, US Foods currently has an average rating of "Buy" and an average target price of $72.08.

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.