Primecap Management Co. CA Grows Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Primecap Management Co. CA raised its position in shares of US Foods Holding Corp. (NYSE:USFD) by 129.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 659,021 shares of the company’s stock after buying an additional 371,613 shares during the period. Primecap Management Co. CA’s holdings in US Foods were worth $44,458,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its position in shares of US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after buying an additional 2,435,357 shares during the last quarter. State Street Corp lifted its position 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 buying an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of US Foods by 4.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after purchasing an additional 291,016 shares during the last quarter. Geode Capital Management LLC raised its position in shares of US Foods by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock valued at $244,401,000 after purchasing an additional 241,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of US Foods by 6.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock valued at $105,342,000 after purchasing an additional 109,488 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at US Foods

In related news, Director David W. Bullock purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Truist Financial increased their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. StockNews.com lowered shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. Jefferies Financial Group increased their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Piper Sandler increased their price objective on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Melius Research upgraded shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.33.

US Foods Price Performance

Shares of NYSE USFD opened at $64.93 on Wednesday. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 32.15, a PEG ratio of 1.03 and a beta of 1.65. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The firm’s 50 day simple moving average is $69.07 and its 200-day simple moving average is $66.12. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Analysts expect that US Foods Holding Corp. will post 3.59 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.