Los Angeles Capital Management LLC Trims Stake in US Foods Holding Corp. (NYSE:USFD)

Los Angeles Capital Management LLC lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,377 shares of the company’s stock after selling 661 shares during the period. Los Angeles Capital Management LLC’s holdings in US Foods were worth $789,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in US Foods by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,477,103 shares of the company’s stock valued at $892,341,000 after acquiring an additional 61,179 shares during the last quarter. Boston Partners increased its stake in US Foods by 1.4% in the 3rd quarter. Boston Partners now owns 18,313,484 shares of the company’s stock worth $726,684,000 after buying an additional 257,503 shares during the period. Victory Capital Management Inc. lifted its holdings in US Foods by 98.2% during the 4th quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock valued at $418,711,000 after buying an additional 4,569,002 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in US Foods by 2.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,032,178 shares of the company’s stock valued at $160,077,000 after buying an additional 85,340 shares during the period. Finally, Wellington Management Group LLP grew its stake in US Foods by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,870,370 shares of the company’s stock worth $113,954,000 after acquiring an additional 199,269 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

USFD has been the subject of several research analyst reports. Morgan Stanley lifted their price target on shares of US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Piper Sandler raised US Foods from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $45.00 to $59.00 in a research report on Tuesday, February 20th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Truist Financial increased their target price on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $54.92.

US Foods Trading Up 4.6 %

NYSE:USFD opened at $54.79 on Friday. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 0.86 and a beta of 1.58. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $55.39. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $52.24 and a 200 day moving average of $47.38.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a net margin of 1.42% and a return on equity of 13.41%. The business had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.81 billion. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 2.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the transaction, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at approximately $7,802,423.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.