Kera Capital Partners Inc. bought a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 3,640 shares of the company's stock, valued at approximately $238,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in USFD. Arizona State Retirement System grew its position in US Foods by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock worth $4,549,000 after buying an additional 170 shares during the period. EverSource Wealth Advisors LLC grew 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 worth $32,000 after acquiring an additional 178 shares during the period. GeoWealth Management LLC grew its holdings in shares of 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 acquiring an additional 189 shares during the period. Vestcor Inc grew its holdings in shares of US Foods by 1.0% in the 4th quarter. Vestcor Inc now owns 20,200 shares of the company's stock worth $1,363,000 after acquiring an additional 195 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of US Foods by 2.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company's stock worth $588,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.
Analysts Set New Price Targets
Several research firms have weighed in on USFD. Citigroup began coverage on US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Morgan Stanley increased their price objective on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Guggenheim reiterated a "buy" rating and issued a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. Finally, Truist Financial increased their price target on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, US Foods presently has an average rating of "Buy" and a consensus target price of $75.92.
Read Our Latest Stock Analysis on US Foods
Insider Activity
In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction on 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 now owns 115,077 shares in the company, valued at approximately $8,630,775. The trade was a 11.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company's stock.
US Foods Trading Up 0.8%
NYSE:USFD traded up $0.66 during mid-day trading on Friday, reaching $79.21. The company's stock had a trading volume of 2,983,831 shares, compared to its average volume of 2,041,660. The company's fifty day simple moving average is $68.24 and its two-hundred day simple moving average is $68.49. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. 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 cap of $18.33 billion, a P/E ratio of 39.21, a P/E/G ratio of 1.03 and a beta of 1.35.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly 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 company 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%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. On average, equities analysts predict that US Foods Holding Corp. will post 3.59 EPS 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.
See Also
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
