US Foods Holding Corp. (NYSE:USFD) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lessened its holdings in US Foods Holding Corp. (NYSE:USFD) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 160,275 shares of the company’s stock after selling 5,330 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in US Foods were worth $10,805,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after purchasing an additional 178 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in shares of US Foods in the 4th quarter valued at $32,000. R Squared Ltd acquired a new position in US Foods during the 4th quarter worth about $34,000. Smartleaf Asset Management LLC lifted its stake in US Foods by 50.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock worth $49,000 after acquiring an additional 243 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in US Foods by 38.5% during the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock valued at $55,000 after acquiring an additional 224 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director David W. Bullock purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average price 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 $319,770. This represents a 800.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on USFD. Morgan Stanley boosted their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Guggenheim reiterated a “buy” rating and set a $80.00 target price on shares of US Foods in a report on Monday, April 14th. Barclays raised their price target on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Piper Sandler upped their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Truist Financial lifted their target price on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, US Foods has an average rating of “Buy” and an average target price of $71.83.

US Foods Stock Down 1.6 %

Shares of NYSE USFD opened at $61.21 on Tuesday. The business has a 50-day moving average of $66.00 and a two-hundred day moving average of $66.70. The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. US Foods Holding Corp. has a 1 year low of $49.91 and a 1 year 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.

US Foods (NYSE:USFD) last announced its quarterly 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). The business 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%. On average, analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

US Foods Company 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.