Wellington Management Group LLP Lowers Stake in US Foods Holding Corp. (NYSE:USFD)

Wellington Management Group LLP reduced its position in US Foods Holding Corp. (NYSE:USFD) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,410,035 shares of the company’s stock after selling 696,437 shares during the quarter. Wellington Management Group LLP owned approximately 4.95% of US Foods worth $769,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of USFD. Norges Bank purchased a new position in US Foods in the 4th quarter worth approximately $211,300,000. Artisan Partners Limited Partnership purchased a new position in shares of US Foods in the fourth quarter worth $171,107,000. Public Sector Pension Investment Board boosted its position in shares of 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 acquiring an additional 2,500,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in US Foods during the fourth quarter valued at $48,611,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in US Foods by 307.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock valued at $43,145,000 after acquiring an additional 482,461 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director David W. Bullock bought 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Morgan Stanley upped their price objective on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Melius assumed coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. Finally, UBS Group upped their price target on shares of US Foods from $77.00 to $83.00 and gave the company 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods currently has an average rating of “Buy” and a consensus target price of $71.09.

US Foods Trading Up 1.5 %

Shares of USFD opened at $65.48 on Tuesday. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. 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 company’s fifty day simple moving average is $68.56 and its 200-day simple moving average is $66.55. The company has a market cap of $15.09 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion during 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%. As a group, analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

US Foods 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.