US Foods Holding Corp. (NYSE:USFD) Stock Holdings Increased by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC increased its holdings in US Foods Holding Corp. (NYSE:USFD) by 11.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,823 shares of the company’s stock after purchasing an additional 1,410 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in US Foods were worth $932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Retirement Systems of Alabama raised its holdings in shares of US Foods by 5.4% during the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock valued at $21,462,000 after acquiring an additional 17,897 shares during the period. State Street Corp raised its holdings in shares of US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after acquiring an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of US Foods by 121.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock valued at $3,164,000 after acquiring an additional 28,232 shares during the period. Jag Capital Management LLC raised its holdings in shares of US Foods by 3,175.1% during the third quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after acquiring an additional 164,060 shares during the period. Finally, Longbow Finance SA acquired a new stake in shares of US Foods during the fourth quarter valued at approximately $9,001,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Stock Performance

USFD stock opened at $70.07 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $16.14 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 1.03 and a beta of 1.67. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The firm has a 50 day moving average of $69.47 and a two-hundred day moving average of $65.46.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate 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.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on USFD. UBS Group boosted their price target on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley boosted their price target on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Piper Sandler boosted their price target on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Barclays upped their price objective on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One equities 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 company. According to MarketBeat, US Foods currently has an average rating of “Buy” and a consensus price target of $70.33.

Insiders Place Their Bets

In other news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.

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.