IHT Wealth Management LLC Reduces Position in US Foods Holding Corp. (NYSE:USFD)

IHT Wealth Management LLC trimmed its position in US Foods Holding Corp. (NYSE:USFD) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,962 shares of the company’s stock after selling 521 shares during the quarter. IHT Wealth Management LLC’s holdings in US Foods were worth $2,628,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of US Foods during the fourth quarter valued at about $211,300,000. Artisan Partners Limited Partnership bought a new stake in shares of US Foods in the 4th quarter worth approximately $171,107,000. Raymond James Financial Inc. purchased a new position in shares of US Foods during the fourth quarter valued at approximately $48,611,000. Arrowstreet Capital Limited Partnership lifted its stake in US Foods by 307.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock worth $43,145,000 after acquiring an additional 482,461 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in US Foods by 240.4% in the fourth quarter. Renaissance Technologies LLC now owns 612,000 shares of the company’s stock valued at $41,286,000 after acquiring an additional 432,200 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

US Foods Trading Down 1.6 %

US Foods stock opened at $61.21 on Tuesday. 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 stock has a market capitalization of $14.11 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The business’s fifty day moving average is $66.00 and its 200 day moving average is $66.70. US Foods Holding Corp. has a one year low of $49.91 and a one year high of $73.19.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on USFD shares. Guggenheim reaffirmed a “buy” rating and set a $80.00 target price on shares of US Foods in a research note on Monday, April 14th. Barclays increased their target price on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. UBS Group increased their price objective on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 14th. StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Finally, Piper Sandler boosted their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.83.

Insider Activity at US Foods

In other US Foods news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now 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 document filed with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

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.