Wellington Management Group LLP Sells 696,437 Shares of US Foods Holding Corp. (NYSE:USFD)

Wellington Management Group LLP lowered its holdings in US Foods Holding Corp. (NYSE:USFD) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,410,035 shares of the company’s stock after selling 696,437 shares during the quarter. Wellington Management Group LLP’s holdings in US Foods were worth $769,721,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank bought a new position in US Foods in the fourth quarter worth approximately $211,300,000. Artisan Partners Limited Partnership purchased a new position in shares of US Foods in the 4th quarter valued at $171,107,000. Public Sector Pension Investment Board lifted its stake in shares of US Foods by 100.2% during the 3rd 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 last quarter. Raymond James Financial Inc. purchased a new position in US Foods in the fourth quarter valued at about $48,611,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in US Foods by 307.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock worth $43,145,000 after purchasing an additional 482,461 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Melius Research upgraded US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Piper Sandler boosted their target price on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Truist Financial increased their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $71.09.

US Foods Trading Up 1.5 %

NYSE USFD opened at $65.48 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.03 and a beta of 1.65. The firm has a 50 day simple moving average of $68.56 and a 200-day simple moving average of $66.55. US Foods Holding Corp. has a one year low of $49.65 and a one year high of $73.19.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share 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 research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by insiders.

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.