US Foods Holding Corp. (NYSE:USFD) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 2.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,072,400 shares of the company’s stock after selling 204,223 shares during the period. US Foods makes up 0.7% of Victory Capital Management Inc.’s investment portfolio, making the stock its 10th largest holding. Victory Capital Management Inc.’s holdings in US Foods were worth $679,484,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in USFD. Public Sector Pension Investment Board boosted its holdings in US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares during the last quarter. Wellington Management Group LLP boosted its holdings in US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after purchasing an additional 2,435,357 shares during the last quarter. State Street Corp boosted its holdings in US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after purchasing an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in US Foods by 4.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock worth $420,781,000 after purchasing an additional 291,016 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in US Foods by 6.5% during the third quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after purchasing an additional 241,900 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Performance

NYSE USFD opened at $70.07 on Tuesday. The company’s 50 day moving average is $69.47 and its 200-day moving average is $65.46. 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 $16.14 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion for 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%. Sell-side analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Buying and Selling

In related 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 price of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

USFD has been the topic of several analyst reports. Jefferies Financial Group boosted their price target on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Piper Sandler boosted their price target on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Truist Financial lifted their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, UBS Group lifted their price objective on shares of US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $70.33.

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.