Impax Asset Management Group plc Reduces Stock Position in US Foods Holding Corp. (NYSE:USFD)

Impax Asset Management Group plc trimmed its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 10.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 300,000 shares of the company’s stock after selling 35,000 shares during the quarter. Impax Asset Management Group plc’s holdings in US Foods were worth $20,238,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning lifted its position in US Foods by 13.5% in the third quarter. Creative Planning now owns 12,978 shares of the company’s stock worth $798,000 after buying an additional 1,547 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of US Foods by 15.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,518 shares of the company’s stock worth $524,000 after acquiring an additional 1,137 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of US Foods during the 3rd quarter worth about $207,000. Private Advisor Group LLC grew its holdings in US Foods by 8.3% during the 3rd quarter. Private Advisor Group LLC now owns 13,723 shares of the company’s stock valued at $844,000 after purchasing an additional 1,053 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in US Foods by 2,853.8% in the 3rd quarter. International Assets Investment Management LLC now owns 16,482 shares of the company’s stock worth $1,014,000 after purchasing an additional 15,924 shares during the period. Institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on USFD shares. UBS Group boosted their target price on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Truist Financial increased their target price on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Melius Research raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $70.33.

US Foods Stock Performance

USFD opened at $70.92 on Tuesday. The firm’s 50-day moving average price is $69.21 and its 200-day moving average price is $64.97. The company has a market cap of $16.34 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19.

US Foods (NYSE:USFD) last issued its quarterly 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 for the quarter, compared to analyst estimates of $9.47 billion. As a group, equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following 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 acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

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.