Atalan Capital Partners LP cut its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 16.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,380,000 shares of the company's stock after selling 472,698 shares during the quarter. US Foods accounts for about 16.0% of Atalan Capital Partners LP's investment portfolio, making the stock its 2nd largest holding. Atalan Capital Partners LP owned approximately 1.02% of US Foods worth $160,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners lifted its holdings in US Foods by 0.6% in the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock worth $860,460,000 after buying an additional 77,012 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of US Foods by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock worth $290,369,000 after acquiring an additional 292,404 shares during the period. Norges Bank purchased a new position in shares of US Foods in the 4th quarter valued at approximately $211,300,000. Artisan Partners Limited Partnership bought a new stake in shares of US Foods during the fourth quarter valued at approximately $171,107,000. Finally, Northern Trust Corp grew its stake in US Foods by 25.0% in the fourth quarter. Northern Trust Corp now owns 2,029,419 shares of the company's stock worth $136,905,000 after purchasing an additional 405,871 shares during the period. 98.76% of the stock is currently owned by institutional investors.
US Foods Stock Performance
Shares of NYSE USFD traded up $0.48 during trading on Monday, reaching $68.38. 2,833,001 shares of the company traded hands, compared to its average volume of 1,993,515. 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 50 day simple moving average of $64.94 and a 200-day simple moving average of $66.92. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $73.19. The stock has a market capitalization of $15.76 billion, a PE ratio of 33.85, a P/E/G ratio of 1.03 and a beta of 1.35.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The company had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have commented on USFD. Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Piper Sandler raised their target price on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Barclays boosted their price target on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, UBS Group raised their price objective on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, US Foods has an average rating of "Buy" and a consensus price target of $71.83.
Read Our Latest Stock Report on USFD
Insider Activity at US Foods
In other news, Director David W. Bullock purchased 4,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now directly owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by company insiders.
US Foods Profile
(
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.
Recommended Stories
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
