Algert Global LLC Has $22.11 Million Stock Position in US Foods Holding Corp. (NYSE:USFD)

Algert Global LLC increased its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 327,781 shares of the company's stock after buying an additional 72,840 shares during the period. US Foods accounts for approximately 0.5% of Algert Global LLC's investment portfolio, making the stock its 6th biggest position. Algert Global LLC owned approximately 0.14% of US Foods worth $22,112,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of US Foods in the fourth quarter valued at about $211,300,000. Artisan Partners Limited Partnership acquired a new stake in US Foods during the fourth quarter worth approximately $171,107,000. Raymond James Financial Inc. bought a new stake in shares of US Foods during the fourth quarter worth approximately $48,611,000. AQR Capital Management LLC grew its position in shares of US Foods by 133.8% in the fourth quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company's stock valued at $77,708,000 after purchasing an additional 659,283 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of US Foods by 307.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company's stock worth $43,145,000 after purchasing an additional 482,461 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on USFD shares. 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 report on Friday, February 14th. StockNews.com cut shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Morgan Stanley boosted their price target on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Guggenheim restated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research note on Monday, April 14th. Finally, Truist Financial increased their target price on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, US Foods currently has a consensus rating of "Buy" and a consensus price target of $71.83.

Insider Transactions at US Foods

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company's stock.

US Foods Price Performance

USFD stock opened at $67.89 on Friday. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $73.19. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 1.03 and a beta of 1.38. The company has a 50 day simple moving average of $64.94 and a 200 day simple moving average of $66.85.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS 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 firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. Research analysts anticipate that US Foods Holding Corp. will post 3.59 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.

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