Allspring Global Investments Holdings LLC Buys 206 Shares of US Foods Holding Corp. (NYSE:USFD)

Allspring Global Investments Holdings LLC lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,724 shares of the company’s stock after acquiring an additional 206 shares during the period. Allspring Global Investments Holdings LLC’s holdings in US Foods were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Savant Capital LLC lifted its stake in US Foods by 35.8% in the fourth quarter. Savant Capital LLC now owns 6,932 shares of the company’s stock worth $468,000 after purchasing an additional 1,829 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in US Foods in the fourth quarter worth $560,000. Silver Oak Securities Incorporated lifted its stake in US Foods by 145.4% in the fourth quarter. Silver Oak Securities Incorporated now owns 16,817 shares of the company’s stock worth $1,138,000 after purchasing an additional 9,965 shares during the last quarter. Tectonic Advisors LLC lifted its stake in US Foods by 22.4% in the fourth quarter. Tectonic Advisors LLC now owns 6,490 shares of the company’s stock worth $438,000 after purchasing an additional 1,189 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in US Foods by 45.1% in the fourth quarter. Retirement Systems of Alabama now owns 506,453 shares of the company’s stock worth $34,165,000 after purchasing an additional 157,474 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

USFD has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Piper Sandler boosted their price target on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Melius began coverage on shares of US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Morgan Stanley boosted their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $70.33.

US Foods Price Performance

Shares of NYSE USFD opened at $70.92 on Tuesday. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The company’s 50-day moving average is $69.21 and its 200 day moving average is $64.97. The stock has a market capitalization of $16.34 billion, a P/E ratio of 35.11, a P/E/G ratio of 1.03 and a beta of 1.67.

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 the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. On average, sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Activity at US Foods

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

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.