Oppenheimer Asset Management Inc. Sells 7,579 Shares of US Foods Holding Corp. (NYSE:USFD)

Oppenheimer Asset Management Inc. lessened its stake in US Foods Holding Corp. (NYSE:USFD) by 14.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,873 shares of the company’s stock after selling 7,579 shares during the period. Oppenheimer Asset Management Inc.’s holdings in US Foods were worth $2,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of USFD. Longbow Finance SA purchased a new position in shares of US Foods in the 4th quarter valued at approximately $9,001,000. Los Angeles Capital Management LLC grew its holdings in US Foods by 3.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 27,581 shares of the company’s stock worth $1,861,000 after acquiring an additional 1,021 shares during the period. IFP Advisors Inc increased its holdings in shares of US Foods by 11.3% during the 4th quarter. IFP Advisors Inc now owns 3,102 shares of the company’s stock valued at $209,000 after purchasing an additional 315 shares in the last quarter. South Dakota Investment Council purchased a new position in US Foods in the fourth quarter valued at $2,004,000. Finally, Wealthspire Advisors LLC acquired a new position in US Foods in the 4th quarter worth about $233,000. Institutional investors own 98.76% of the company’s stock.

Insider Activity

In other US Foods news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares of the company’s stock, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

US Foods Trading Up 2.1 %

Shares of NYSE:USFD opened at $71.72 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $69.47 and its two-hundred day moving average is $65.31. The company has a market cap of $16.52 billion, a PE ratio of 35.51, a P/E/G ratio of 1.03 and a beta of 1.67. 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 announced 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 business had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. Equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on USFD. Truist Financial upped their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Melius Research raised US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Piper Sandler increased their price target on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Jefferies Financial Group raised their price objective 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, Barclays boosted their target price on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, US Foods currently has a consensus rating of “Buy” and an average target price of $70.33.

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.