US Foods Holding Corp. (NYSE:USFD) Shares Sold by LGT Group Foundation

LGT Group Foundation trimmed its holdings in US Foods Holding Corp. (NYSE:USFD) by 44.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 34,620 shares of the company’s stock after selling 27,377 shares during the quarter. LGT Group Foundation’s holdings in US Foods were worth $2,335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its holdings in US Foods by 5.4% in the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock valued at $21,462,000 after purchasing an additional 17,897 shares in the last quarter. State Street Corp boosted its holdings in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after purchasing an additional 316,061 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in US Foods by 121.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock valued at $3,164,000 after purchasing an additional 28,232 shares in the last quarter. Jag Capital Management LLC boosted its holdings in US Foods by 3,175.1% in the third quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after purchasing an additional 164,060 shares in the last quarter. Finally, Longbow Finance SA acquired a new position in US Foods in the fourth quarter valued at approximately $9,001,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Piper Sandler upped their price target on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Melius Research raised US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. UBS Group increased their price objective on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group increased their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Melius began coverage on US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective for the company. One 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. According to MarketBeat, US Foods presently has a consensus rating of “Buy” and an average price target of $70.33.

US Foods Price Performance

US Foods stock opened at $70.07 on Tuesday. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month 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 business has a 50 day simple moving average of $69.47 and a 200-day simple moving average of $65.46. The stock has a market capitalization of $16.14 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67.

US Foods (NYSE:USFD) last released 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 company had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. Equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

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.