Impax Asset Management Group plc Decreases Stake in US Foods Holding Corp. (NYSE:USFD)

Impax Asset Management Group plc cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the company’s stock after selling 35,000 shares during the period. Impax Asset Management Group plc owned approximately 0.13% of US Foods worth $20,238,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Public Sector Pension Investment Board raised its holdings in shares of US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after purchasing an additional 2,500,000 shares during the last quarter. Wellington Management Group LLP raised its stake in US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after buying an additional 2,435,357 shares during the last quarter. Congress Asset Management Co. purchased a new stake in US Foods during the 3rd quarter valued at $121,196,000. State Street Corp lifted its holdings in shares of US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of US Foods by 4.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock worth $420,781,000 after buying an additional 291,016 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

US Foods Trading Up 1.2 %

Shares of US Foods stock opened at $70.92 on Tuesday. 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 company has a fifty day moving average of $69.21 and a 200 day moving average of $64.97. The company has a market capitalization of $16.34 billion, a P/E ratio of 35.11, a P/E/G ratio of 1.03 and a beta of 1.67. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week 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 (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity

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

Analyst Ratings Changes

A number of analysts recently commented on USFD shares. UBS Group upped their price objective on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Morgan Stanley upped their price target on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Jefferies Financial Group raised their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Truist Financial upped their target price on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $70.33.

About US Foods

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.