Unisphere Establishment Decreases Holdings in US Foods Holding Corp. (NYSE:USFD)

Unisphere Establishment reduced its position in US Foods Holding Corp. (NYSE:USFD) by 9.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 272,500 shares of the company’s stock after selling 27,500 shares during the quarter. Unisphere Establishment owned about 0.11% of US Foods worth $14,437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of USFD. Massachusetts Financial Services Co. MA increased its holdings in shares of US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after acquiring an additional 2,064,321 shares in the last quarter. Interval Partners LP increased its stake in US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after purchasing an additional 1,470,630 shares in the last quarter. Vanguard Group Inc. increased its stake in US Foods by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after purchasing an additional 796,434 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in shares of US Foods by 175.8% in the second quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock worth $57,764,000 after buying an additional 694,999 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of US Foods by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock worth $239,940,000 after buying an additional 567,601 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Piper Sandler increased their price objective on US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft lifted their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Truist Financial lifted their price objective on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $66.40.

Insider Activity at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.

US Foods Price Performance

Shares of NYSE USFD opened at $61.79 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The firm’s 50 day simple moving average is $56.43 and its 200-day simple moving average is $54.05. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $62.34. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.01 and a beta of 1.66.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share. Analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current year.

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.