Massachusetts Financial Services Co. MA Decreases Stake in US Foods Holding Corp. (NYSE:USFD)

Massachusetts Financial Services Co. MA trimmed its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,586,655 shares of the company’s stock after selling 255,306 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.83% of US Foods worth $444,336,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Retirement Systems of Alabama increased its holdings in US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after purchasing an additional 17,897 shares during the last quarter. State Street Corp increased its stake in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after buying an additional 316,061 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of US Foods in the fourth quarter worth $357,000. Longbow Finance SA bought a new position in US Foods during the 4th quarter valued at $9,001,000. Finally, Avantax Advisory Services Inc. grew its holdings in US Foods by 121.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company’s stock worth $751,000 after acquiring an additional 6,108 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on USFD shares. Melius Research raised shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Piper Sandler increased their target price on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. UBS Group lifted their target price on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Jefferies Financial Group upped their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, US Foods currently has a consensus rating of “Buy” and a consensus price target of $71.09.

US Foods Trading Up 1.8 %

Shares of NYSE:USFD opened at $67.18 on Thursday. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The company has a market cap of $15.48 billion, a PE ratio of 33.26, a P/E/G ratio of 1.03 and a beta of 1.38. The company’s 50-day moving average price is $68.46 and its 200 day moving average price is $66.59.

US Foods (NYSE:USFD) last issued its quarterly earnings data 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). 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. Sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

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.