Miracle Mile Advisors LLC acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 3,796 shares of the company's stock, valued at approximately $248,000.
A number of other hedge funds also recently added to or reduced their stakes in USFD. EntryPoint Capital LLC acquired a new stake in shares of US Foods in the 4th quarter valued at approximately $357,000. Longbow Finance SA acquired a new position in US Foods during the fourth quarter worth $9,001,000. Avantax Advisory Services Inc. raised its holdings in US Foods by 121.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after purchasing an additional 6,108 shares during the last quarter. Man Group plc raised its holdings in US Foods by 307.3% during the fourth quarter. Man Group plc now owns 414,629 shares of the company's stock worth $27,971,000 after purchasing an additional 312,833 shares during the last quarter. Finally, Redwood Investment Management LLC raised its holdings in US Foods by 178.1% during the fourth quarter. Redwood Investment Management LLC now owns 75,653 shares of the company's stock worth $5,104,000 after purchasing an additional 48,448 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.
US Foods Trading Down 1.6%
US Foods stock traded down $1.26 during midday trading on Friday, reaching $75.40. The stock had a trading volume of 1,583,575 shares, compared to its average volume of 2,028,699. US Foods Holding Corp. has a twelve month low of $50.05 and a twelve month high of $79.64. The stock has a market capitalization of $17.44 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The stock's 50-day simple moving average is $70.83 and its 200 day simple moving average is $69.14.
US Foods (NYSE:USFD - Get Free Report) last issued its 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). The firm had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. US Foods's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. Analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have weighed in on USFD shares. Barclays raised their price target on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Citigroup started coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target for the company. Guggenheim reissued a "buy" rating and set a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. UBS Group raised their price target on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $76.75.
Get Our Latest Research Report on US Foods
Insider Buying and Selling
In related news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the sale, the executive vice president now directly owns 115,077 shares of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company's stock.
US Foods Company Profile
(
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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