Fmr LLC Sells 2,456,885 Shares of US Foods Holding Corp. (NYSE:USFD)

Fmr LLC lessened its position in US Foods Holding Corp. (NYSE:USFD) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,523,147 shares of the company’s stock after selling 2,456,885 shares during the quarter. Fmr LLC owned about 0.08% of US Foods worth $1,317,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC grew its position in shares of US Foods by 4.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock valued at $279,000 after purchasing an additional 160 shares during the last quarter. Arizona State Retirement System grew its holdings in US Foods by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock valued at $4,549,000 after buying an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after buying an additional 178 shares during the period. Vestcor Inc lifted its holdings in shares of US Foods by 1.0% during the fourth quarter. Vestcor Inc now owns 20,200 shares of the company’s stock worth $1,363,000 after buying an additional 195 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of US Foods by 2.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock valued at $588,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Stock Down 5.0 %

Shares of NYSE USFD opened at $61.80 on Monday. 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 $68.23 and its 200 day simple moving average is $66.67. 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 $14.24 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38.

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 net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. On average, research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Morgan Stanley lifted their price objective on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Jefferies Financial Group lifted 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, 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. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $71.09.

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.