Hsbc Holdings PLC decreased its holdings in US Foods Holding Corp. (NYSE:USFD – Free Report) by 52.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 8,646 shares of the company’s stock after selling 9,474 shares during the period. Hsbc Holdings PLC’s holdings in US Foods were worth $797,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Partners boosted its position in shares of US Foods by 0.5% during the 4th quarter. Boston Partners now owns 16,203,880 shares of the company’s stock valued at $1,222,537,000 after acquiring an additional 73,656 shares in the last quarter. Wellington Management Group LLP raised its position in US Foods by 7.0% in the fourth quarter. Wellington Management Group LLP now owns 13,780,526 shares of the company’s stock worth $1,037,949,000 after purchasing an additional 904,556 shares in the last quarter. Capital World Investors raised its position in US Foods by 10.3% in the fourth quarter. Capital World Investors now owns 12,862,100 shares of the company’s stock worth $968,773,000 after purchasing an additional 1,197,360 shares in the last quarter. Invesco Ltd. lifted its stake in US Foods by 8.6% during the third quarter. Invesco Ltd. now owns 8,164,062 shares of the company’s stock worth $625,530,000 after purchasing an additional 649,950 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in US Foods by 412.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,165,611 shares of the company’s stock worth $313,755,000 after purchasing an additional 3,353,396 shares during the period. 98.76% of the stock is owned by institutional investors.
US Foods Price Performance
Shares of US Foods stock opened at $102.42 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.70 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $22.55 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 1.30 and a beta of 0.79. US Foods Holding Corp. has a 1-year low of $69.88 and a 1-year high of $105.17. The firm’s 50-day moving average price is $93.47 and its two-hundred day moving average price is $90.95.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on USFD shares. Weiss Ratings lowered US Foods from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. dropped their target price on US Foods from $98.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Morgan Stanley raised their target price on US Foods from $94.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Wall Street Zen lowered US Foods from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research cut US Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 1st. Eleven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, US Foods has a consensus rating of “Moderate Buy” and an average price target of $107.00.
Read Our Latest Analysis on US Foods
US Foods Profile
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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