Brevan Howard Capital Management LP acquired a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 67,398 shares of the company's stock, valued at approximately $4,547,000.
Several other large investors also recently made changes to their positions in USFD. EntryPoint Capital LLC acquired a new stake in shares of US Foods in the 4th quarter valued at $357,000. Longbow Finance SA acquired a new position in US Foods in the fourth quarter valued at approximately $9,001,000. Avantax Advisory Services Inc. raised its position in shares of US Foods by 121.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock valued at $751,000 after acquiring an additional 6,108 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of US Foods in the 4th quarter valued at $413,000. Finally, Westover Capital Advisors LLC boosted its position in shares of US Foods by 199.2% in the 4th quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company's stock worth $1,735,000 after purchasing an additional 17,125 shares during the last quarter. Institutional investors own 98.76% of the company's stock.
Insider Buying and Selling at US Foods
In related news, Director David W. Bullock purchased 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.
US Foods Stock Down 0.2 %
Shares of USFD stock traded down $0.17 on Friday, hitting $71.64. 2,526,434 shares of the stock were exchanged, compared to its average volume of 2,005,294. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $16.51 billion, a P/E ratio of 35.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $73.19. The business has a 50-day moving average of $64.82 and a 200 day moving average of $67.05.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same period last year, the company earned $0.54 EPS. The company's revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.
Wall Street Analysts Forecast Growth
USFD has been the subject of a number of recent analyst reports. StockNews.com downgraded US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Morgan Stanley increased their price target on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday. Piper Sandler upped their target price on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Guggenheim reissued a "buy" rating and set a $80.00 price target on shares of US Foods in a research report on Monday, April 14th. Finally, Truist Financial upped their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One equities research 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's stock. According to data from MarketBeat.com, US Foods currently has a consensus rating of "Buy" and a consensus target price of $72.08.
Read Our Latest Stock Report on USFD
About US Foods
(
Free Report)
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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