Sessa Capital IM L.P. Cuts Stock Position in US Foods Holding Corp. (NYSE:USFD)

Sessa Capital IM L.P. lessened its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 80.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 400,000 shares of the company's stock after selling 1,600,000 shares during the quarter. US Foods makes up about 1.0% of Sessa Capital IM L.P.'s investment portfolio, making the stock its 17th largest position. Sessa Capital IM L.P. owned about 0.17% of US Foods worth $26,984,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedmont Private Capital purchased a new position in shares of US Foods in the 4th quarter worth approximately $200,000. Assenagon Asset Management S.A. raised its stake in shares of US Foods by 94.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 407,611 shares of the company's stock valued at $27,497,000 after acquiring an additional 198,432 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of US Foods by 11.9% in the 4th quarter. Park Avenue Securities LLC now owns 7,147 shares of the company's stock worth $482,000 after acquiring an additional 762 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in shares of 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 period. Finally, Eagle Rock Investment Company LLC bought a new position in US Foods during the 4th quarter valued at about $1,325,000. Institutional investors own 98.76% of the company's stock.

Insider Buying and Selling at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the company's 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 owns 115,077 shares in the company, valued at approximately $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

US Foods Stock Performance

Shares of NYSE USFD traded down $0.20 during midday trading on Thursday, reaching $75.93. The company had a trading volume of 416,960 shares, compared to its average volume of 2,248,812. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $78.18. The business's 50-day simple moving average is $66.52 and its 200 day simple moving average is $67.91. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The stock has a market cap of $17.57 billion, a P/E ratio of 37.59, a P/E/G ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD - Get Free Report) last released 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). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.35 billion during the quarter, compared to analysts' expectations of $9.42 billion. During the same period last year, the company earned $0.54 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. On average, analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays upped their price target on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. raised their target price on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday. Truist Financial boosted their price target on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. Morgan Stanley increased their price objective on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, UBS Group increased their price target on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $74.18.

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.