OneDigital Investment Advisors LLC cut its position in US Foods Holding Corp. (NYSE:USFD – Free Report) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,529 shares of the company’s stock after selling 368 shares during the period. OneDigital Investment Advisors LLC’s holdings in US Foods were worth $1,385,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. State of Tennessee Department of Treasury boosted its holdings in shares of US Foods by 1.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 86,898 shares of the company’s stock worth $5,862,000 after acquiring an additional 1,474 shares in the last quarter. Tower Research Capital LLC TRC raised its position in US Foods by 183.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,036 shares of the company’s stock valued at $1,149,000 after purchasing an additional 11,031 shares during the last quarter. MetLife Investment Management LLC boosted its stake in US Foods by 4.1% in the fourth quarter. MetLife Investment Management LLC now owns 131,242 shares of the company’s stock worth $8,854,000 after purchasing an additional 5,115 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of US Foods in the fourth quarter valued at $2,092,000. Finally, Capital World Investors increased its stake in shares of US Foods by 162.8% in the fourth quarter. Capital World Investors now owns 11,447 shares of the company’s stock valued at $772,000 after buying an additional 7,091 shares in the last quarter. 98.76% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts have commented on USFD shares. Guggenheim reissued a “buy” rating and set a $80.00 price objective on shares of US Foods in a report on Monday, April 14th. Morgan Stanley raised their price target on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group upped 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. Piper Sandler lifted 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. Finally, Truist Financial upped their price target on US Foods from $78.00 to $80.00 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, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $71.83.
US Foods Stock Up 0.6 %
US Foods stock opened at $64.63 on Friday. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $73.19. 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 $14.90 billion, a price-to-earnings ratio of 32.00, a PEG ratio of 1.03 and a beta of 1.38. The company’s 50 day simple moving average is $65.70 and its 200 day simple moving average is $66.66.
US Foods (NYSE:USFD – Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.
Insider Transactions at US Foods
In related news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by 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.
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