CenterBook Partners LP bought a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,879 shares of the company's stock, valued at approximately $581,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of USFD. Kesler Norman & Wride LLC increased its holdings in shares of US Foods by 1.3% in the 1st quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock valued at $822,000 after purchasing an additional 160 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after purchasing an additional 178 shares during the period. GeoWealth Management LLC grew its stake in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after buying an additional 189 shares in the last quarter. Signaturefd LLC grew its stake in shares of US Foods by 19.7% in the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock valued at $85,000 after buying an additional 214 shares in the last quarter. Finally, ProShare Advisors LLC grew 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 buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
US Foods Stock Performance
Shares of USFD stock traded down $0.64 during trading hours on Friday, reaching $83.13. 2,627,634 shares of the company's stock were exchanged, compared to its average volume of 2,063,802. US Foods Holding Corp. has a fifty-two week low of $50.49 and a fifty-two week high of $84.85. The stock has a market capitalization of $19.23 billion, a P/E ratio of 38.13, a P/E/G ratio of 1.21 and a beta of 1.41. The business has a fifty day moving average price of $77.61 and a 200-day moving average price of $70.76. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02.
US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.68 EPS 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 1.38% and a return on equity of 15.58%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Activity at US Foods
In related news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction on 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 transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently commented on USFD shares. Guggenheim reissued a "buy" rating and issued a $80.00 price target on shares of US Foods in a research note on Monday, May 12th. Wells Fargo & Company reissued an "overweight" rating on shares of US Foods in a research note on Sunday, July 13th. Morgan Stanley reissued an "overweight" rating and issued a $89.00 price target (up previously from $84.00) on shares of US Foods in a research note on Monday. UBS Group boosted their price target on US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Citigroup started coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target for the company. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $77.42.
Get Our Latest Analysis on USFD
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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