Sumitomo Mitsui Trust Group Inc. Acquires New Holdings in US Foods Holding Corp. (NYSE:USFD)

Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,300 shares of the company’s stock, valued at approximately $560,000.

A number of other institutional investors have also recently bought and sold shares of USFD. Ashton Thomas Securities LLC bought a new stake in shares of US Foods in the third quarter worth $31,000. R Squared Ltd bought a new stake in shares of US Foods in the fourth quarter worth $34,000. Huntington National Bank lifted its position in shares of US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after purchasing an additional 409 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of US Foods in the third quarter worth $34,000. Finally, First Horizon Advisors Inc. lifted its position in shares of US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Melius assumed coverage on shares of US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective on the stock. Truist Financial boosted their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler boosted their target price on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Barclays boosted their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $70.17.

US Foods Trading Up 0.2 %

USFD opened at $71.25 on Friday. US Foods Holding Corp. has a twelve month low of $45.24 and a twelve month high of $73.00. The company has a 50-day simple moving average of $69.02 and a 200 day simple moving average of $64.04. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $16.60 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 0.95 and a beta of 1.67.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 14.15% and a net margin of 1.54%. Analysts predict that US Foods Holding Corp. will post 2.94 EPS for the current fiscal 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.