Great Lakes Advisors LLC Has $22.11 Million Position in US Foods Holding Corp. (NYSE:USFD)

Great Lakes Advisors LLC lessened its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,799 shares of the company’s stock after selling 10,934 shares during the quarter. Great Lakes Advisors LLC owned about 0.14% of US Foods worth $22,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after purchasing an additional 178 shares during the last quarter. HighTower Advisors LLC lifted its stake in US Foods by 3.3% in the fourth quarter. HighTower Advisors LLC now owns 24,188 shares of the company’s stock worth $1,632,000 after purchasing an additional 769 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in US Foods in the fourth quarter worth $1,647,000. Daiwa Securities Group Inc. purchased a new position in shares of US Foods in the fourth quarter valued at about $944,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of US Foods by 20.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,317 shares of the company’s stock valued at $4,136,000 after acquiring an additional 10,502 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Up 2.0 %

USFD stock opened at $64.89 on Wednesday. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. 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 company has a market capitalization of $14.95 billion, a P/E ratio of 32.12, a PEG ratio of 1.03 and a beta of 1.65. The firm has a 50 day simple moving average of $69.30 and a 200-day simple moving average of $65.90.

US Foods (NYSE:USFD) last posted its earnings results 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). 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 the consensus estimate of $9.47 billion. On average, equities research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David W. Bullock bought 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on USFD. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Piper Sandler raised their price objective 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. UBS Group lifted their price target on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley lifted their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group lifted their price target on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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.