US Foods Holding Corp. (NYSE:USFD) Shares Sold by Atalan Capital Partners LP

Atalan Capital Partners LP reduced its stake in US Foods Holding Corp. (NYSE:USFD) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,380,000 shares of the company’s stock after selling 472,698 shares during the quarter. US Foods accounts for 16.0% of Atalan Capital Partners LP’s investment portfolio, making the stock its 2nd biggest holding. Atalan Capital Partners LP owned about 1.02% of US Foods worth $160,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in US Foods during the 4th quarter worth $211,300,000. Artisan Partners Limited Partnership acquired a new position in shares of US Foods during the fourth quarter worth about $171,107,000. Raymond James Financial Inc. purchased a new position in US Foods during the fourth quarter worth about $48,611,000. AQR Capital Management LLC lifted its position in US Foods by 133.8% in the fourth quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company’s stock valued at $77,708,000 after purchasing an additional 659,283 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in US Foods by 307.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock valued at $43,145,000 after purchasing an additional 482,461 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

US Foods stock opened at $67.89 on Friday. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $73.19. The company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 1.03 and a beta of 1.38. The stock has a fifty day moving average of $64.94 and a two-hundred day moving average of $66.85. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21.

US Foods (NYSE:USFD) last posted 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). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. On average, analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction on 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 purchase, the director now owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays raised their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Piper Sandler boosted their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Truist Financial upped their price target on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. UBS Group raised their price objective on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Guggenheim restated a “buy” rating and set a $80.00 target price on shares of US Foods in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $71.83.

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.