US Foods Holding Corp. (NYSE:USFD) Stock Position Lowered by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its stake in US Foods Holding Corp. (NYSE:USFD) by 9.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 174,736 shares of the company’s stock after selling 18,167 shares during the period. Wedge Capital Management L L P NC’s holdings in US Foods were worth $7,935,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of USFD. Vanguard Group Inc. grew its holdings in shares of US Foods by 0.3% during the third quarter. Vanguard Group Inc. now owns 22,477,103 shares of the company’s stock valued at $892,341,000 after buying an additional 61,179 shares in the last quarter. Boston Partners grew its stake in US Foods by 1.4% in the third quarter. Boston Partners now owns 18,313,484 shares of the company’s stock valued at $726,684,000 after purchasing an additional 257,503 shares in the last quarter. Victory Capital Management Inc. grew its stake in US Foods by 189.6% in the third quarter. Victory Capital Management Inc. now owns 4,651,686 shares of the company’s stock valued at $184,672,000 after purchasing an additional 3,045,213 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in US Foods by 2.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,032,178 shares of the company’s stock valued at $160,077,000 after purchasing an additional 85,340 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in US Foods by 7.5% in the third quarter. Wellington Management Group LLP now owns 2,870,370 shares of the company’s stock valued at $113,954,000 after purchasing an additional 199,269 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the sale, the executive vice president now directly owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on USFD shares. BTIG Research boosted their target price on US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Morgan Stanley boosted their price target on US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. UBS Group raised US Foods from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $47.00 to $64.00 in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, US Foods currently has a consensus rating of “Buy” and an average target price of $54.92.

US Foods Trading Up 0.6 %

Shares of USFD opened at $50.74 on Wednesday. US Foods Holding Corp. has a 12-month low of $35.66 and a 12-month high of $54.94. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $12.44 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 0.85 and a beta of 1.58. The stock’s 50-day moving average price is $51.89 and its 200 day moving average price is $46.31.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a net margin of 1.42% and a return on equity of 13.41%. The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. As a group, research analysts predict that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

US Foods 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.