CenterBook Partners LP purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,879 shares of the company's stock, valued at approximately $581,000.
Several other large investors have also modified their holdings of USFD. Kesler Norman & Wride LLC lifted its holdings in shares of US Foods by 1.3% during the 1st quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock valued at $822,000 after acquiring an additional 160 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after buying an additional 178 shares in the last quarter. GeoWealth Management LLC lifted its holdings in US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after buying an additional 189 shares in the last quarter. Signaturefd LLC lifted its holdings in US Foods by 19.7% in the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after buying an additional 214 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of US Foods by 2.2% in the 4th quarter. ProShare Advisors LLC now owns 10,898 shares of the company's stock valued at $735,000 after purchasing an additional 238 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at US Foods
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the transaction, the executive vice president owned 115,077 shares in the company, valued at approximately $8,630,775. This represents a 11.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.
US Foods Price Performance
NYSE:USFD traded up $0.73 during mid-day trading on Monday, reaching $83.87. The stock had a trading volume of 498,692 shares, compared to its average volume of 2,060,796. US Foods Holding Corp. has a one year low of $50.49 and a one year high of $84.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17. The firm has a 50 day moving average price of $77.61 and a two-hundred day moving average price of $70.80. The stock has a market capitalization of $19.40 billion, a P/E ratio of 38.47, a P/E/G ratio of 1.20 and a beta of 1.41.
US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm 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 15.58% and a net margin of 1.38%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. As a group, analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have commented on USFD shares. JPMorgan Chase & Co. upped their target price on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Barclays upped their price target on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Morgan Stanley reiterated an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of US Foods in a report on Sunday, July 13th. Finally, Guggenheim reissued a "buy" rating and issued a $80.00 price target on shares of US Foods in a report on Monday, May 12th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, US Foods has a consensus rating of "Buy" and a consensus price target of $77.42.
Read Our Latest Stock Analysis on US Foods
US Foods 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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