US Foods Holding Corp. (NYSE:USFD) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in US Foods Holding Corp. (NYSE:USFDFree Report) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,544 shares of the company’s stock after selling 16,803 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of US Foods worth $5,857,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. lifted its position in US Foods by 110.7% in the first quarter. BlackRock Inc. now owns 18,025,965 shares of the company’s stock worth $665,879,000 after purchasing an additional 9,471,020 shares during the period. Victory Capital Management Inc. raised its stake in US Foods by 189.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,651,686 shares of the company’s stock valued at $184,672,000 after purchasing an additional 3,045,213 shares during the period. State Street Corp increased its stake in shares of US Foods by 75.8% in the first quarter. State Street Corp now owns 5,756,405 shares of the company’s stock worth $212,642,000 after acquiring an additional 2,481,753 shares during the last quarter. Boston Partners increased its stake in shares of US Foods by 15.6% in the second quarter. Boston Partners now owns 18,055,981 shares of the company’s stock worth $793,554,000 after acquiring an additional 2,435,092 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of US Foods in the fourth quarter worth $68,956,000. 98.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

USFD has been the topic of a number of research reports. Truist Financial upped their price target on shares of US Foods from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th. Barclays dropped their price target on shares of US Foods from $51.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, October 23rd. JPMorgan Chase & Co. upped their price target on shares of US Foods from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, November 17th. Finally, Morgan Stanley upped their price target on shares of US Foods from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, US Foods presently has an average rating of “Buy” and an average target price of $49.70.

Check Out Our Latest Stock Report on US Foods

Insider Activity

In other news, Director Scott D. Ferguson sold 3,000,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $43.87, for a total value of $131,610,000.00. Following the sale, the director now directly owns 15,932,877 shares of the company’s stock, valued at $698,975,313.99. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.00% of the stock is currently owned by company insiders.

US Foods Price Performance

NYSE USFD opened at $46.64 on Friday. US Foods Holding Corp. has a fifty-two week low of $33.96 and a fifty-two week high of $47.48. The stock’s 50-day moving average is $45.58 and its two-hundred day moving average is $42.15. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.29 and a quick ratio of 0.81. The firm has a market cap of $11.47 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 0.71 and a beta of 1.57.

US Foods (NYSE:USFDGet Free Report) last posted its earnings results on Thursday, November 9th. The company reported $0.65 earnings per share for the quarter, meeting the consensus estimate of $0.65. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.12 billion. US Foods had a return on equity of 13.55% and a net margin of 1.28%. On average, analysts anticipate that US Foods Holding Corp. will post 2.5 earnings per share for the current fiscal year.

About US Foods

(Free Report)

US Foods Holding Corp., through its subsidiary, 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.

See Also

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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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