Bessemer Group Inc. Sells 355,197 Shares of US Foods Holding Corp. (NYSE:USFD)

Bessemer Group Inc. trimmed its position in shares of US Foods Holding Corp. (NYSE:USFD) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,515,909 shares of the company’s stock after selling 355,197 shares during the period. Bessemer Group Inc. owned about 1.94% of US Foods worth $304,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of US Foods during the fourth quarter valued at approximately $48,611,000. Renaissance Technologies LLC increased its stake in US Foods by 240.4% in the fourth quarter. Renaissance Technologies LLC now owns 612,000 shares of the company’s stock worth $41,286,000 after purchasing an additional 432,200 shares during the period. Bank of Nova Scotia lifted its position in shares of US Foods by 89.0% during the fourth quarter. Bank of Nova Scotia now owns 33,980 shares of the company’s stock worth $2,292,000 after purchasing an additional 16,000 shares during the last quarter. FIL Ltd boosted its stake in shares of US Foods by 14.9% during the fourth quarter. FIL Ltd now owns 137,381 shares of the company’s stock valued at $9,268,000 after purchasing an additional 17,851 shares during the period. Finally, Twin Capital Management Inc. bought a new position in shares of US Foods in the fourth quarter worth about $1,246,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Piper Sandler increased their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their target price on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Jefferies Financial Group increased their price target on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, US Foods has a consensus rating of “Buy” and a consensus price target of $71.09.

US Foods Stock Performance

USFD opened at $60.50 on Wednesday. The firm’s 50-day moving average price is $67.60 and its 200-day moving average price is $66.61. The company 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 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 posted 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). The company had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. As a group, equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Transactions at US Foods

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

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.