Bank of New York Mellon Corp Lowers Holdings in US Foods Holding Corp. (NYSE:USFD)

Bank of New York Mellon Corp decreased its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,758,474 shares of the company’s stock after selling 177,678 shares during the quarter. Bank of New York Mellon Corp owned about 0.75% of US Foods worth $118,627,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in USFD. Wellington Management Group LLP raised its stake in shares of US Foods by 25.2% in the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after purchasing an additional 2,435,357 shares during the last quarter. State Street Corp raised its stake in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after purchasing an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of US Foods by 4.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock worth $420,781,000 after purchasing an additional 291,016 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of US Foods by 6.5% in the third quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after purchasing an additional 241,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of US Foods by 6.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock worth $105,342,000 after purchasing an additional 109,488 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on USFD shares. Melius started coverage on US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target for the company. Morgan Stanley upped their price objective on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Truist Financial upped their price objective on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Melius Research upgraded US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Barclays upped their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $70.33.

US Foods Stock Performance

NYSE:USFD opened at $71.72 on Friday. The stock has a 50-day simple moving average of $69.47 and a two-hundred day simple moving average of $65.31. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market capitalization of $16.52 billion, a PE ratio of 35.51, a P/E/G ratio of 1.03 and a beta of 1.67.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Transactions at US Foods

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

US Foods 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.