Victory Capital Management Inc. lowered its holdings in US Foods Holding Corp. (NYSE:USFD – Free Report) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,816,327 shares of the company’s stock after selling 307,347 shares during the quarter. Victory Capital Management Inc.’s holdings in US Foods were worth $362,766,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Boston Family Office LLC acquired a new position in shares of US Foods in the 4th quarter worth approximately $221,000. Boston Partners grew its stake in shares of US Foods by 0.5% in the 4th quarter. Boston Partners now owns 16,203,880 shares of the company’s stock worth $1,222,537,000 after purchasing an additional 73,656 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of US Foods by 17.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,199,667 shares of the company’s stock worth $90,359,000 after purchasing an additional 181,392 shares during the last quarter. Wealthspire Advisors LLC grew its stake in shares of US Foods by 126.1% in the 4th quarter. Wealthspire Advisors LLC now owns 5,849 shares of the company’s stock worth $441,000 after purchasing an additional 3,262 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of US Foods by 1.6% in the 4th quarter. Quadrant Capital Group LLC now owns 14,208 shares of the company’s stock worth $1,070,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.
US Foods Stock Performance
USFD stock opened at $93.43 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.70 and a current ratio of 1.14. The stock has a market cap of $20.58 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.15 and a beta of 0.83. The firm has a 50 day simple moving average of $87.47 and a 200 day simple moving average of $85.83. US Foods Holding Corp. has a 52 week low of $69.88 and a 52 week high of $102.13.
Analysts Set New Price Targets
Several research analysts have commented on USFD shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $106.00 target price on shares of US Foods in a report on Friday, February 13th. Zacks Research cut shares of US Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Wells Fargo & Company raised their target price on shares of US Foods from $87.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. JPMorgan Chase & Co. decreased their target price on shares of US Foods from $98.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Barclays raised their target price on shares of US Foods from $90.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.50.
Read Our Latest Stock Report on USFD
About US Foods
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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