Sessa Capital IM L.P. cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 80.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400,000 shares of the company's stock after selling 1,600,000 shares during the quarter. US Foods makes up approximately 1.0% of Sessa Capital IM L.P.'s portfolio, making the stock its 17th largest holding. Sessa Capital IM L.P. owned 0.17% of US Foods worth $26,984,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC bought a new stake in US Foods during the 4th quarter worth approximately $25,000. GeoWealth Management LLC raised its position in shares of US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after buying an additional 189 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in US Foods during the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC grew its position in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after buying an additional 178 shares in the last quarter. Finally, R Squared Ltd bought a new position in US Foods in the 4th quarter worth about $34,000. 98.76% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Barclays lifted their price target on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Piper Sandler increased their price target on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. 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. Finally, Guggenheim reiterated a "buy" rating and issued a $80.00 target price on shares of US Foods in a research report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $74.18.
Read Our Latest Analysis on US Foods
US Foods Trading Up 0.7%
NYSE:USFD traded up $0.57 during trading hours on Tuesday, hitting $77.80. The company had a trading volume of 2,365,922 shares, compared to its average volume of 2,022,886. The company has a market capitalization of $18.00 billion, a PE ratio of 38.52, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The stock has a 50-day moving average price of $66.30 and a 200 day moving average price of $67.85. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $78.17. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results 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 company had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter last year, the firm earned $0.54 EPS. The business's revenue was up 4.5% on a year-over-year basis. On average, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Buying and Selling at US Foods
In related news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 115,077 shares in the company, valued at $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company's stock.
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.
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