Cinctive Capital Management LP bought a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 12,884 shares of the company's stock, valued at approximately $843,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC purchased a new stake in shares of US Foods in the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in US Foods in the first quarter worth $31,000. True Wealth Design LLC raised its holdings in US Foods by 153.6% in the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock worth $33,000 after purchasing an additional 298 shares in the last quarter. Blue Trust Inc. raised its holdings in US Foods by 487.2% in the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after purchasing an additional 726 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in US Foods by 19.7% in the first quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after purchasing an additional 214 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. UBS Group increased their price objective on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, July 28th. JPMorgan Chase & Co. increased their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Piper Sandler raised their price objective on US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Wells Fargo & Company reissued an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Finally, Barclays boosted their target price on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $81.27.
Read Our Latest Report on USFD
Insider Buying and Selling at US Foods
In other news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares in the company, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by insiders.
US Foods Stock Down 0.4%
Shares of US Foods stock traded down $0.34 on Wednesday, reaching $77.72. The company's stock had a trading volume of 1,437,384 shares, compared to its average volume of 2,209,083. The company has a market capitalization of $17.50 billion, a price-to-earnings ratio of 33.22, a P/E/G ratio of 1.10 and a beta of 1.39. The firm's fifty day simple moving average is $79.96 and its two-hundred day simple moving average is $73.40. US Foods Holding Corp. has a 52 week low of $56.65 and a 52 week high of $85.11. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Equities analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
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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