Ameritas Investment Partners Inc. Has $2.55 Million Holdings in US Foods Holding Corp. (NYSE:USFD)

Ameritas Investment Partners Inc. decreased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,112 shares of the company’s stock after selling 1,829 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in US Foods were worth $2,549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of US Foods by 3.6% during the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after purchasing an additional 796,434 shares in the last quarter. Boston Partners boosted its position in US Foods by 3.5% during the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock worth $891,073,000 after buying an additional 566,277 shares during the period. Victory Capital Management Inc. grew its holdings in US Foods by 5.1% during the 2nd quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock worth $550,111,000 after acquiring an additional 500,129 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after acquiring an additional 2,064,321 shares during the period. Finally, Dorsal Capital Management LP raised its stake in shares of US Foods by 2.0% during the fourth quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock valued at $227,050,000 after acquiring an additional 100,000 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on USFD. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Piper Sandler raised their price objective on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. upped their target price on US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Truist Financial raised their price target on shares of US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Wells Fargo & Company upped their price objective on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $66.40.

US Foods Stock Down 0.6 %

Shares of NYSE USFD opened at $61.58 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The firm has a market cap of $15.06 billion, a PE ratio of 30.34, a P/E/G ratio of 1.00 and a beta of 1.66. The company’s fifty day simple moving average is $56.07 and its 200 day simple moving average is $53.92. US Foods Holding Corp. has a 12-month low of $35.66 and a 12-month high of $62.34.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period last year, the business posted $0.73 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.