US Foods Holding Corp. $USFD Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in US Foods Holding Corp. (NYSE:USFD – Free Report) by 13.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 199,265 shares of the company’s stock after selling 31,932 shares during the period. Voya Investment Management LLC’s holdings in US Foods were worth $15,268,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in US Foods in the second quarter valued at $184,413,000. Primecap Management Co. CA increased its position in shares of US Foods by 84.4% in the 2nd quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock worth $275,750,000 after purchasing an additional 1,639,310 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of US Foods by 120.3% in the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock valued at $162,853,000 after purchasing an additional 1,385,521 shares in the last quarter. Parnassus Investments LLC acquired a new stake in shares of US Foods in the 1st quarter valued at about $64,199,000. Finally, Holocene Advisors LP bought a new position in shares of US Foods during the second quarter worth about $64,220,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on USFD shares. Piper Sandler boosted their price objective on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a report on Monday, December 15th. Barclays dropped their price target on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Finally, Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $89.00.

View Our Latest Analysis on US Foods

US Foods Stock Performance

USFD stock opened at $77.37 on Tuesday. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 32.24, a PEG ratio of 1.04 and a beta of 1.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. The stock’s fifty day moving average is $74.93 and its two-hundred day moving average is $77.25.

US Foods (NYSE:USFD – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. The business had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling at US Foods

In other news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the sale, the insider owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

About US Foods

(Free Report)

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.

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