Corebridge Financial Inc. Lowers Position in US Foods Holding Corp. (NYSE:USFD)

Corebridge Financial Inc. decreased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,550 shares of the company’s stock after selling 25,535 shares during the quarter. Corebridge Financial Inc.’s holdings in US Foods were worth $17,779,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of USFD. Boston Partners raised its position in US Foods by 0.6% during the fourth quarter. Boston Partners now owns 12,744,006 shares of the company’s stock valued at $860,460,000 after purchasing an additional 77,012 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of US Foods by 25.2% during the 3rd 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 in the last quarter. State Street Corp boosted its stake in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after buying an additional 316,061 shares in the last quarter. Geode Capital Management LLC grew its position in US Foods by 6.5% during the third quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock valued at $244,401,000 after acquiring an additional 241,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of US Foods by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock worth $105,342,000 after acquiring an additional 109,488 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on USFD. Truist Financial upped their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group lifted their price objective on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Barclays increased their target price on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Melius Research raised US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group increased their price objective on US Foods from $77.00 to $83.00 and gave the company a “buy” 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 one has assigned a strong buy rating to the company. Based on data from MarketBeat, US Foods has an average rating of “Buy” and an average target price of $71.09.

US Foods Stock Up 1.9 %

Shares of US Foods stock opened at $65.64 on Tuesday. The company’s fifty day simple moving average is $68.83 and its two-hundred day simple moving average is $66.28. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19. 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 has a market cap of $15.12 billion, a P/E ratio of 32.49, a PEG ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last released 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). The company 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%. Research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

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 shares were purchased at an average cost of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company 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.