Allspring Global Investments Holdings LLC Sells 1,463 Shares of US Foods Holding Corp. (NYSE:USFD)

Allspring Global Investments Holdings LLC decreased its stake in US Foods Holding Corp. (NYSE:USFD) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,474 shares of the company’s stock after selling 1,463 shares during the period. Allspring Global Investments Holdings LLC’s holdings in US Foods were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of US Foods by 4,441.0% during the fourth quarter. International Assets Investment Management LLC now owns 25,339 shares of the company’s stock valued at $1,151,000 after purchasing an additional 24,781 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in US Foods during the 4th quarter worth approximately $227,000. Oak Thistle LLC acquired a new stake in US Foods during the 4th quarter worth approximately $1,639,000. JB Capital LLC grew its holdings in US Foods by 12.7% during the 4th quarter. JB Capital LLC now owns 25,809 shares of the company’s stock worth $1,172,000 after acquiring an additional 2,899 shares during the last quarter. Finally, Oxinas Partners Wealth Management LLC acquired a new position in US Foods in the 4th quarter valued at approximately $205,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

USFD has been the topic of several analyst reports. UBS Group raised shares of US Foods from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $64.00 in a research note on Tuesday, February 20th. Truist Financial increased their price target on US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. BMO Capital Markets increased their target price on shares of US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $54.92.

US Foods Trading Up 1.8 %

NYSE:USFD opened at $51.35 on Friday. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $54.94. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.85 and a beta of 1.58. The firm has a fifty day simple moving average of $52.04 and a two-hundred day simple moving average of $46.52.

US Foods (NYSE:USFD) last issued its earnings results 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 firm had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. Analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

Insider Activity

In related news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction 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 sale, the executive vice president now owns 148,561 shares of the company’s stock, valued at approximately $7,802,423.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

US Foods Company 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.