Los Angeles Capital Management LLC reduced its position in shares of US Foods Holding Corp. (NYSE:USFD – Get Rating) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,346 shares of the company’s stock after selling 2,573 shares during the period. Los Angeles Capital Management LLC’s holdings in US Foods were worth $569,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL lifted its position in shares of US Foods by 4.1% during the fourth quarter. Virginia Retirement Systems ET AL now owns 20,400 shares of the company’s stock worth $711,000 after purchasing an additional 800 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in US Foods by 425.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 60,400 shares of the company’s stock worth $2,130,000 after buying an additional 48,900 shares during the period. Kehrs Ridge Capital LLC lifted its holdings in US Foods by 105.9% during the 4th quarter. Kehrs Ridge Capital LLC now owns 350,000 shares of the company’s stock worth $12,191,000 after buying an additional 180,000 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in US Foods by 31.7% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 13,199 shares of the company’s stock valued at $460,000 after buying an additional 3,176 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of US Foods by 36.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,239 shares of the company’s stock worth $949,000 after acquiring an additional 7,234 shares in the last quarter.
A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on US Foods in a report on Tuesday, January 18th. They issued a “buy” rating and a $44.00 target price for the company. Zacks Investment Research raised US Foods from a “sell” rating to a “hold” rating in a research report on Wednesday. Truist Financial started coverage on shares of US Foods in a report on Tuesday, February 1st. They issued a “buy” rating and a $43.00 target price on the stock. StockNews.com upgraded shares of US Foods from a “hold” rating to a “buy” rating in a report on Friday. Finally, Credit Suisse Group raised their price objective on shares of US Foods from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, February 18th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, US Foods presently has an average rating of “Buy” and a consensus target price of $41.50.
US Foods (NYSE:USFD – Get Rating) last announced its quarterly earnings results on Thursday, April 21st. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.14. US Foods had a net margin of 0.56% and a return on equity of 11.40%. On average, equities research analysts predict that US Foods Holding Corp. will post 2 earnings per share for the current year.
In related news, Director Cheryl A. Bachelder purchased 6,000 shares of the stock in a transaction that occurred on Friday, March 11th. The shares were purchased at an average price of $34.57 per share, with a total value of $207,420.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Court D. Carruthers acquired 14,040 shares of US Foods stock in a transaction on Tuesday, March 15th. The shares were bought at an average cost of $35.55 per share, with a total value of $499,122.00. The disclosure for this purchase can be found here. Insiders bought a total of 51,040 shares of company stock valued at $1,726,752 over the last three months. Company insiders own 1.00% of the company’s stock.
US Foods Company Profile (Get Rating)
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes 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.
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