Cornerstone Investment Partners LLC Has $473,000 Holdings in US Foods Holding Corp. (NYSE:USFD)

Cornerstone Investment Partners LLC cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 3.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,420 shares of the company’s stock after selling 354 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in US Foods were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Wright Investors Service Inc. acquired a new position in shares of US Foods during the fourth quarter worth approximately $891,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of US Foods by 11.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,907 shares of the company’s stock valued at $2,266,000 after purchasing an additional 4,983 shares during the period. Cookson Peirce & Co. Inc. bought a new stake in shares of US Foods during the fourth quarter valued at approximately $18,555,000. Mackenzie Financial Corp increased its position in shares of US Foods by 7.2% during the fourth quarter. Mackenzie Financial Corp now owns 287,758 shares of the company’s stock valued at $13,067,000 after purchasing an additional 19,217 shares during the period. Finally, Lecap Asset Management Ltd. bought a new stake in shares of US Foods during the fourth quarter valued at approximately $381,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

US Foods Price Performance

Shares of USFD stock traded down $0.10 during trading hours on Friday, hitting $49.85. 433,787 shares of the company’s stock were exchanged, compared to its average volume of 1,727,056. The stock’s 50-day moving average is $51.68 and its 200-day moving average is $45.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $54.94.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The business had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. US Foods had a return on equity of 13.41% and a net margin of 1.42%. As a group, research analysts forecast that US Foods Holding Corp. will post 2.9 EPS for the current year.

Analysts Set New Price Targets

USFD has been the topic of a number of research reports. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. BMO Capital Markets boosted their price objective on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Morgan Stanley upped their price target on US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and upped their price target for the company from $45.00 to $59.00 in a research report on Tuesday, February 20th. Finally, UBS Group upgraded US Foods from a “neutral” rating to a “buy” rating and upped their price target for the company from $47.00 to $64.00 in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $54.92.

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.