CIBC Private Wealth Group LLC Sells 20,157 Shares of US Foods Holding Corp. (NYSE:USFD)

CIBC Private Wealth Group LLC decreased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 684,348 shares of the company’s stock after selling 20,157 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.29% of US Foods worth $46,686,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of USFD. Norges Bank acquired a new position in shares of US Foods during the fourth quarter valued at $211,300,000. Artisan Partners Limited Partnership bought a new stake in US Foods during the 4th quarter worth about $171,107,000. Public Sector Pension Investment Board raised its holdings in US Foods by 100.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares during the last quarter. Wellington Management Group LLP lifted its position 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 purchasing an additional 2,435,357 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of US Foods in the 4th quarter valued at about $48,611,000. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

US Foods Price Performance

Shares of USFD opened at $64.49 on Monday. The stock has a 50 day simple moving average of $68.62 and a 200 day simple moving average of $66.50. 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 $14.86 billion, a PE ratio of 31.92, a P/E/G ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last released its quarterly 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). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. Sell-side analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Melius Research raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Piper Sandler upped their target price on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Jefferies Financial Group increased their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. UBS Group lifted their price objective on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Truist Financial raised their target price on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $71.09.

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.