Dorsal Capital Management LP lowered its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 22.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,500,000 shares of the company's stock after selling 1,000,000 shares during the period. US Foods comprises about 5.6% of Dorsal Capital Management LP's investment portfolio, making the stock its 4th biggest holding. Dorsal Capital Management LP owned approximately 1.50% of US Foods worth $236,110,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Colonial Trust Co SC bought a new stake in shares of US Foods in the fourth quarter worth about $25,000. Crestline Management LP bought a new stake in shares of US Foods in the 4th quarter worth approximately $1,081,000. Cubist Systematic Strategies LLC increased its stake in shares of US Foods by 2,200.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 287,480 shares of the company's stock valued at $19,393,000 after buying an additional 274,982 shares during the period. Cetera Investment Advisers raised its holdings in shares of US Foods by 84.6% during the fourth quarter. Cetera Investment Advisers now owns 24,062 shares of the company's stock valued at $1,623,000 after acquiring an additional 11,024 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in US Foods in the fourth quarter worth $4,547,000. Institutional investors own 98.76% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on USFD shares. UBS Group upped 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. Guggenheim reissued a "buy" rating and issued a $80.00 price target on shares of US Foods in a research note on Monday, April 14th. Barclays raised their price objective 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. Morgan Stanley upped their target price on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Piper Sandler raised their target price on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $72.08.
View Our Latest Stock Analysis on US Foods
Insider Buying and Selling
In related news, Director David W. Bullock bought 4,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now owns 4,500 shares of the company's stock, valued at approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. 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 Stock Down 0.2 %
Shares of NYSE USFD traded down $0.17 during trading on Friday, reaching $71.64. The company had a trading volume of 2,526,434 shares, compared to its average volume of 2,005,294. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $73.19. 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 business's 50-day moving average is $64.82 and its 200 day moving average is $67.05. The stock has a market cap of $16.51 billion, a PE ratio of 35.47, a P/E/G ratio of 1.03 and a beta of 1.35.
US Foods (NYSE:USFD - Get Free Report) last announced 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). The firm had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. As a group, equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
About US Foods
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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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