Allspring Global Investments Holdings LLC Acquires 206 Shares of US Foods Holding Corp. (NYSE:USFD)

Allspring Global Investments Holdings LLC boosted its holdings in US Foods Holding Corp. (NYSE:USFD) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,724 shares of the company’s stock after acquiring an additional 206 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in US Foods were worth $588,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in USFD. Ashton Thomas Securities LLC bought a new position in shares of US Foods during the 3rd quarter worth approximately $31,000. Huntington National Bank lifted its position in shares of US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of US Foods during the 3rd quarter worth approximately $34,000. R Squared Ltd bought a new position in shares of US Foods during the 4th quarter worth approximately $34,000. Finally, First Horizon Advisors Inc. lifted its position in shares of US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after buying an additional 202 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Melius Research raised shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Truist Financial lifted their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. UBS Group raised their price target on shares of US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Piper Sandler raised their price target on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $70.33.

US Foods Stock Up 1.2 %

US Foods stock opened at $70.92 on Tuesday. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 1.03 and a beta of 1.67. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The firm has a 50 day simple moving average of $69.21 and a 200 day simple moving average of $64.97.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. On average, analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Activity

In other news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company 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.