Sachem Head Capital Management LP lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 25.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,620,000 shares of the company's stock after selling 1,205,000 shares during the quarter. US Foods comprises about 13.5% of Sachem Head Capital Management LP's holdings, making the stock its 2nd biggest holding. Sachem Head Capital Management LP owned about 1.55% of US Foods worth $244,205,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. EntryPoint Capital LLC acquired a new position in shares of US Foods during the 4th quarter worth about $357,000. Longbow Finance SA acquired a new stake in shares of US Foods during the fourth quarter worth about $9,001,000. Avantax Advisory Services Inc. grew its stake in shares of US Foods by 121.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock valued at $751,000 after purchasing an additional 6,108 shares during the last quarter. Merit Financial Group LLC purchased a new position in US Foods in the 4th quarter valued at $413,000. Finally, Westover Capital Advisors LLC boosted its holdings in shares of US Foods by 199.2% in the fourth quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company's stock valued at $1,735,000 after acquiring an additional 17,125 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Piper Sandler lifted their price target on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. upped their price target on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday. Guggenheim reiterated a "buy" rating and issued a $80.00 price target on shares of US Foods in a report on Monday, May 12th. Finally, UBS Group boosted their price objective on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, US Foods presently has a consensus rating of "Buy" and an average target price of $74.18.
View Our Latest Research Report on USFD
US Foods Trading Down 0.1%
Shares of NYSE:USFD traded down $0.10 during midday trading on Thursday, reaching $76.04. The company's stock had a trading volume of 439,231 shares, compared to its average volume of 2,019,164. 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 firm has a market cap of $17.59 billion, a price-to-earnings ratio of 37.63, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The business has a 50 day moving average price of $66.52 and a 200 day moving average price of $67.91. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $78.83.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data 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). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
Insider Buying and Selling
In other news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the sale, the executive vice president now directly owns 115,077 shares of the company's stock, valued at approximately $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
US Foods Company Profile
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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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