Geode Capital Management LLC Sells 118,467 Shares of US Foods Holding Corp. (NYSE:USFD)

Geode Capital Management LLC lowered its position in US Foods Holding Corp. (NYSE:USFD) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,854,463 shares of the company’s stock after selling 118,467 shares during the quarter. Geode Capital Management LLC owned 1.65% of US Foods worth $260,104,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of USFD. Norges Bank bought a new position in shares of US Foods during the 4th quarter worth about $211,300,000. Artisan Partners Limited Partnership acquired a new position in US Foods in the fourth quarter worth about $171,107,000. Public Sector Pension Investment Board lifted its stake in US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares during the period. Wellington Management Group LLP boosted its holdings in US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after purchasing an additional 2,435,357 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of US Foods in the 4th quarter valued at approximately $48,611,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

USFD has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley lifted their target price on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Barclays increased their price target on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. UBS Group lifted their price objective on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Melius Research upgraded US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $71.09.

Insider Buying and Selling

In related news, Director David W. Bullock bought 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, with a total value of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

US Foods Price Performance

USFD stock opened at $61.80 on Friday. The stock has a market cap of $14.24 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The stock has a 50-day moving average price of $68.23 and a two-hundred day moving average price of $66.63. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD) last announced its 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). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. Equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal 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.