US Foods Holding Corp. (NYSE:USFD) Stake Decreased by Fmr LLC

Fmr LLC cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,523,147 shares of the company’s stock after selling 2,456,885 shares during the period. Fmr LLC owned approximately 8.38% of US Foods worth $1,317,032,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of US Foods during the 4th quarter worth about $211,300,000. Artisan Partners Limited Partnership bought a new stake in US Foods during the fourth quarter worth approximately $171,107,000. Public Sector Pension Investment Board lifted its position in US Foods by 100.2% in 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 period. Raymond James Financial Inc. bought a new position in US Foods during the 4th quarter valued at $48,611,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of US Foods by 307.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock valued at $43,145,000 after purchasing an additional 482,461 shares during the period. 98.76% of the stock is owned by institutional investors.

Insider Activity

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

US Foods Price Performance

NYSE USFD opened at $61.80 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The company has a 50 day simple moving average of $68.23 and a 200-day simple moving average of $66.67. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. Equities research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on USFD. Melius assumed coverage on US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price for the company. Piper Sandler boosted their target price 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. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Truist Financial upped 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. Finally, UBS Group raised their price objective on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $71.09.

About US Foods

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.