Miracle Mile Advisors LLC acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,796 shares of the company's stock, valued at approximately $248,000.
A number of other institutional investors also recently modified their holdings of the business. EntryPoint Capital LLC bought a new position in US Foods in the 4th quarter valued at approximately $357,000. Longbow Finance SA bought a new position in US Foods during the 4th quarter valued at $9,001,000. Avantax Advisory Services Inc. grew its position in US Foods by 121.6% in the 4th 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 in the last quarter. Man Group plc lifted 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 acquiring an additional 312,833 shares during the period. Finally, Redwood Investment Management LLC increased 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 buying an additional 48,448 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
US Foods Stock Up 0.8%
USFD traded up $0.60 during trading on Thursday, hitting $76.59. 1,776,995 shares of the company's stock traded hands, compared to its average volume of 2,027,489. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $79.64. The company's 50 day simple moving average is $70.21 and its two-hundred day simple moving average is $69.07. 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 stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 1.03 and a beta of 1.44.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The business had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. US Foods's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. Analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the sale, the executive vice president now directly owns 115,077 shares of the company's stock, valued at $8,630,775. This represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Truist Financial upped their price target on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Guggenheim reiterated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. Barclays lifted their price target on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. UBS Group increased their price objective on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price objective on US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. One equities research 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. According to MarketBeat.com, US Foods presently has a consensus rating of "Buy" and an average price target of $76.75.
Read Our Latest Stock Report on US Foods
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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