Nomura Asset Management Co. Ltd. Lowers Holdings in US Foods Holding Corp. (NYSE:USFD)

Nomura Asset Management Co. Ltd. lowered its holdings in US Foods Holding Corp. (NYSE:USFD) by 29.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,461 shares of the company’s stock after selling 22,500 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in US Foods were worth $3,606,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after buying an additional 178 shares during the last quarter. R Squared Ltd purchased a new stake in shares of US Foods in the 4th quarter valued at approximately $34,000. Smartleaf Asset Management LLC lifted its holdings in shares of US Foods by 50.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock worth $49,000 after acquiring an additional 243 shares during the last quarter. J.Safra Asset Management Corp boosted its position in shares of US Foods by 38.5% during the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock worth $55,000 after purchasing an additional 224 shares during the period. Finally, Versant Capital Management Inc increased its holdings in US Foods by 112.2% in the 4th quarter. Versant Capital Management Inc now owns 855 shares of the company’s stock valued at $58,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Piper Sandler raised their price target on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Melius initiated coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price for the company. Barclays boosted their price target on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Morgan Stanley raised their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Melius Research raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $71.09.

US Foods Price Performance

US Foods stock opened at $65.98 on Wednesday. The stock has a market cap of $15.20 billion, a P/E ratio of 32.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The company has a fifty day simple moving average of $68.50 and a 200-day simple moving average of $66.59. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19.

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

Insider Buying and Selling at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by insiders.

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.