South Street Advisors LLC Decreases Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

South Street Advisors LLC lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,001 shares of the company’s stock after selling 4,480 shares during the quarter. US Foods comprises approximately 3.1% of South Street Advisors LLC’s investment portfolio, making the stock its 13th largest holding. South Street Advisors LLC owned about 0.13% of US Foods worth $20,373,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of USFD. Assetmark Inc. increased its holdings in shares of US Foods by 66,100.0% during the third quarter. Assetmark Inc. now owns 662 shares of the company’s stock valued at $41,000 after acquiring an additional 661 shares in the last quarter. KBC Group NV increased its holdings in shares of US Foods by 16.0% during the third quarter. KBC Group NV now owns 6,176 shares of the company’s stock valued at $380,000 after acquiring an additional 852 shares in the last quarter. Huntington National Bank increased its holdings in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after acquiring an additional 409 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of US Foods by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 20,897 shares of the company’s stock valued at $1,285,000 after acquiring an additional 267 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in US Foods by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock worth $436,000 after buying an additional 226 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Price Performance

Shares of NYSE USFD opened at $66.04 on Tuesday. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 1.03 and a beta of 1.65. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The firm’s 50 day simple moving average is $69.11 and its 200-day simple moving average is $66.08. 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 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 business had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. Analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on USFD. Jefferies Financial Group increased their price target on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. Barclays increased their price target on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Piper Sandler increased their price target on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley increased their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $70.33.

Insider Activity

In other US Foods news, Director David W. Bullock bought 4,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. This represents a 800.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

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.