Federated Hermes Inc. Sells 6,253 Shares of US Foods Holding Corp. (NYSE:USFD)

Federated Hermes Inc. lessened its position in shares of US Foods Holding Corp. (NYSE:USFD) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,901 shares of the company’s stock after selling 6,253 shares during the quarter. Federated Hermes Inc.’s holdings in US Foods were worth $2,902,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of USFD. Wright Investors Service Inc. acquired a new position in US Foods during the 4th quarter valued at approximately $891,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in US Foods by 11.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,907 shares of the company’s stock valued at $2,266,000 after purchasing an additional 4,983 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in US Foods during the 4th quarter valued at approximately $18,555,000. Mackenzie Financial Corp increased its stake in US Foods by 7.2% during the 4th quarter. Mackenzie Financial Corp now owns 287,758 shares of the company’s stock valued at $13,067,000 after purchasing an additional 19,217 shares in the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in US Foods during the 4th quarter valued at approximately $381,000. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

Shares of NYSE USFD opened at $51.35 on Friday. The company’s fifty day moving average price is $52.04 and its 200 day moving average price is $46.52. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $54.94. The company has a market capitalization of $12.59 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The firm had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.81 billion. On average, research analysts predict that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Morgan Stanley upped 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. BMO Capital Markets upped their price target on shares of US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and upped their price target for the company from $45.00 to $59.00 in a research note on Tuesday, February 20th. Truist Financial upped their price objective on shares of US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. One investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $54.92.

Insider Buying and Selling

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

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.