South Street Advisors LLC Decreases Stake in US Foods Holding Corp. (NYSE:USFD)

South Street Advisors LLC lowered its position in US Foods Holding Corp. (NYSE:USFD) by 1.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 302,001 shares of the company’s stock after selling 4,480 shares during the period. US Foods accounts for approximately 3.1% of South Street Advisors LLC’s portfolio, making the stock its 13th biggest holding. South Street Advisors LLC’s holdings in US Foods were worth $20,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USFD. EverSource Wealth Advisors LLC increased its stake in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after acquiring an additional 178 shares during the last quarter. Huntington National Bank increased its stake in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after acquiring an additional 409 shares during the last quarter. R Squared Ltd acquired a new stake in shares of US Foods in the 4th quarter worth $34,000. First Horizon Advisors Inc. increased its stake in shares of US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of US Foods by 66,100.0% in the 3rd quarter. Assetmark Inc. now owns 662 shares of the company’s stock worth $41,000 after acquiring an additional 661 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

NYSE USFD opened at $66.04 on Tuesday. The company has a market cap of $15.21 billion, a P/E ratio of 32.69, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a 50-day moving average of $69.11 and a two-hundred day moving average of $66.08. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19.

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

Analysts Set New Price Targets

USFD has been the subject of a number of recent research reports. Melius Research raised US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Truist Financial raised their target price on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Barclays raised their price objective on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. UBS Group raised their price objective on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $70.33.

Insider Buying and Selling at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now owns 4,500 shares of the company’s stock, valued at $319,770. This represents a 800.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

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.