Meiji Yasuda Asset Management Co Ltd. Lowers Stock Position in US Foods Holding Corp. (NYSE:USFD)

Meiji Yasuda Asset Management Co Ltd. cut its position in shares of US Foods Holding Corp. (NYSE:USFD) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,684 shares of the company’s stock after selling 334 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in US Foods were worth $383,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after buying an additional 178 shares during the last quarter. R Squared Ltd purchased a new position in US Foods in the fourth quarter worth $34,000. Smartleaf Asset Management LLC grew its stake in US Foods by 50.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock valued at $49,000 after purchasing an additional 243 shares during the period. J.Safra Asset Management Corp increased its position in shares of US Foods by 38.5% during the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock valued at $55,000 after purchasing an additional 224 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of US Foods by 112.2% during the 4th quarter. Versant Capital Management Inc now owns 855 shares of the company’s stock worth $58,000 after purchasing an additional 452 shares during the period. 98.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Melius assumed coverage on shares of US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target for the company. Truist Financial lifted their price target on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Finally, Barclays upped their price target 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 equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $71.09.

US Foods Stock Performance

NYSE:USFD opened at $65.28 on Friday. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The business’s fifty day moving average is $68.70 and its 200 day moving average is $66.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market cap of $15.04 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 1.03 and a beta of 1.65.

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). The firm had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling at US Foods

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the stock in a transaction 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 acquisition, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

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.