Principal Financial Group Inc. Has $36.01 Million Stake in US Foods Holding Corp. (NYSE:USFD)

Principal Financial Group Inc. trimmed its stake in US Foods Holding Corp. (NYSE:USFD) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,787 shares of the company’s stock after selling 31,574 shares during the period. Principal Financial Group Inc. owned about 0.23% of US Foods worth $36,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of US Foods during the 3rd quarter worth about $31,000. Huntington National Bank lifted its holdings in shares of US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after acquiring an additional 409 shares during the period. Capital Performance Advisors LLP bought a new position in shares of US Foods during the 3rd quarter worth about $34,000. R Squared Ltd bought a new position in US Foods during the 4th quarter valued at about $34,000. Finally, First Horizon Advisors Inc. lifted its holdings in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Melius assumed coverage on shares of US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target for the company. Barclays lifted their price target on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. UBS Group lifted their price target on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Truist Financial lifted their price target 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. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $70.33.

US Foods Stock Down 2.1 %

Shares of NYSE:USFD opened at $70.13 on Friday. US Foods Holding Corp. has a one year low of $49.65 and a one year high of $73.19. The company has a 50 day moving average of $69.17 and a 200-day moving average of $64.65. 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 cap of $16.16 billion, a price-to-earnings ratio of 34.72, a P/E/G ratio of 1.03 and a beta of 1.67.

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

Insider Transactions at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by corporate insiders.

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.