Principal Financial Group Inc. Cuts Stake in US Foods Holding Corp. (NYSE:USFD)

Principal Financial Group Inc. cut its holdings in US Foods Holding Corp. (NYSE:USFD) by 11.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 753,465 shares of the company’s stock after selling 98,467 shares during the period. Principal Financial Group Inc. owned 0.31% of US Foods worth $39,919,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in USFD. Redmont Wealth Advisors LLC purchased a new position in shares of US Foods in the first quarter worth $27,000. Rise Advisors LLC bought a new stake in US Foods in the 1st quarter valued at $30,000. GAMMA Investing LLC purchased a new stake in US Foods in the 4th quarter worth $41,000. Headlands Technologies LLC bought a new position in shares of US Foods during the 1st quarter valued at about $50,000. Finally, Quarry LP purchased a new position in shares of US Foods during the fourth quarter valued at about $55,000. 98.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Truist Financial boosted their target price on US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Morgan Stanley raised their target price on shares of US Foods from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, May 10th. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price target (up previously from $58.00) on shares of US Foods in a research note on Friday, May 10th. Piper Sandler boosted their target price on shares of US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. Finally, UBS Group increased their price target on shares of US Foods from $64.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $64.70.

US Foods Stock Up 0.1 %

Shares of NYSE USFD opened at $59.21 on Friday. The company has a market cap of $14.56 billion, a P/E ratio of 29.17, a PEG ratio of 0.96 and a beta of 1.62. The firm has a 50-day simple moving average of $54.05 and a two-hundred day simple moving average of $52.98. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $59.79. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the business earned $0.73 EPS. US Foods’s revenue was up 7.7% compared to the same quarter last year. Research analysts anticipate that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

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.