BI Asset Management Fondsmaeglerselskab A S Invests $2.09 Million in US Foods Holding Corp. (NYSE:USFD)

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 31,018 shares of the company's stock, valued at approximately $2,092,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of US Foods by 38.4% during the third quarter. Stifel Financial Corp now owns 13,457 shares of the company's stock worth $828,000 after purchasing an additional 3,734 shares during the period. MML Investors Services LLC acquired a new stake in shares of US Foods during the third quarter worth $508,000. SkyView Investment Advisors LLC raised its holdings in shares of US Foods by 2.1% during the third quarter. SkyView Investment Advisors LLC now owns 18,979 shares of the company's stock worth $1,167,000 after purchasing an additional 382 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of US Foods by 107.8% during the third quarter. Sanctuary Advisors LLC now owns 14,283 shares of the company's stock worth $878,000 after purchasing an additional 7,409 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of US Foods during the third quarter worth $83,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. StockNews.com cut shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Piper Sandler increased their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Guggenheim reaffirmed a "buy" rating and issued a $80.00 price objective on shares of US Foods in a report on Monday, April 14th. Finally, Barclays increased their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, US Foods presently has a consensus rating of "Buy" and an average target price of $71.83.

US Foods Price Performance

Shares of USFD stock traded down $0.22 during midday trading on Friday, reaching $64.41. 1,069,525 shares of the company were exchanged, compared to its average volume of 1,985,302. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $73.19. The company has a market cap of $14.85 billion, a P/E ratio of 31.89, a PEG ratio of 1.03 and a beta of 1.38. The company's 50 day moving average price is $65.44 and its two-hundred day moving average price is $66.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21.

US Foods (NYSE:USFD - Get Free Report) last announced 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). The business had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Transactions at US Foods

In other news, Director David W. Bullock bought 4,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% 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.