Cadian Capital Management LP Sells 273,042 Shares of US Foods Holding Corp. (NYSE:USFD)

Cadian Capital Management LP trimmed its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 879,496 shares of the company's stock after selling 273,042 shares during the period. US Foods accounts for about 3.4% of Cadian Capital Management LP's portfolio, making the stock its 12th biggest holding. Cadian Capital Management LP owned approximately 0.38% of US Foods worth $59,331,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. EntryPoint Capital LLC acquired a new position in shares of US Foods in the fourth quarter valued at approximately $357,000. Longbow Finance SA bought a new position in US Foods during the 4th quarter worth $9,001,000. Avantax Advisory Services Inc. lifted its holdings in shares of US Foods by 121.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after buying an additional 6,108 shares in the last quarter. Merit Financial Group LLC bought a new stake in shares of US Foods in the fourth quarter valued at about $413,000. Finally, Westover Capital Advisors LLC increased its position in US Foods by 199.2% during the fourth quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company's stock worth $1,735,000 after acquiring an additional 17,125 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director David W. Bullock bought 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares of the company's stock, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

US Foods Price Performance

USFD traded down $0.17 on Friday, reaching $71.64. The stock had a trading volume of 2,526,434 shares, compared to its average volume of 2,005,294. The firm has a 50-day moving average of $64.82 and a 200-day moving average of $67.05. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $73.19. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 35.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The business had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. 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 research report on Friday. Truist Financial lifted their price objective on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. Piper Sandler increased their target price on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. StockNews.com downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, UBS Group boosted their target price on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $72.08.

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.