Invesco Ltd. Has $417.98 Million Position in US Foods Holding Corp. (NYSE:USFD)

Invesco Ltd. lessened its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 0.6% during the 4th quarter, HoldingsChannel reports. The firm owned 6,196,014 shares of the company’s stock after selling 37,792 shares during the quarter. Invesco Ltd.’s holdings in US Foods were worth $417,983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of USFD. Norges Bank bought a new position in US Foods in the 4th quarter worth $211,300,000. Artisan Partners Limited Partnership bought a new position in shares of US Foods in the fourth quarter worth about $171,107,000. Raymond James Financial Inc. bought a new stake in US Foods during the 4th quarter valued at approximately $48,611,000. Arrowstreet Capital Limited Partnership boosted its stake in US Foods by 307.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock valued at $43,145,000 after purchasing an additional 482,461 shares during the period. Finally, Primecap Management Co. CA increased its position in US Foods by 129.3% in the 4th quarter. Primecap Management Co. CA now owns 659,021 shares of the company’s stock worth $44,458,000 after buying an additional 371,613 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Price Performance

Shares of USFD opened at $60.50 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The stock has a market cap of $13.94 billion, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The stock’s 50-day moving average price is $67.60 and its two-hundred day moving average price is $66.61. 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 issued its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion for 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%. On average, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Buying and Selling

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought 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 directly owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

USFD has been the subject of several research analyst reports. Melius initiated coverage on shares of US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price for the company. UBS Group increased their target price on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Piper Sandler boosted their price target on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Barclays lifted their price objective on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $71.09.

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.