Merit Financial Group LLC increased its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 204.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,613 shares of the company's stock after acquiring an additional 12,491 shares during the period. Merit Financial Group LLC's holdings in US Foods were worth $1,218,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new stake in US Foods in the 4th quarter valued at about $25,000. GeoWealth Management LLC raised its position in 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 purchasing an additional 189 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in 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 in the last quarter. Legacy Investment Solutions LLC acquired a new stake in US Foods in the 4th quarter valued at about $32,000. Finally, True Wealth Design LLC raised its position in US Foods by 153.6% in the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after purchasing an additional 298 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
Insider Buying and Selling
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Piper Sandler increased their price target on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Citigroup assumed coverage on US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target on the stock. Barclays increased their price target on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. raised their target price on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $76.75.
Get Our Latest Stock Analysis on US Foods
US Foods Stock Performance
NYSE:USFD traded down $1.02 during mid-day trading on Wednesday, reaching $75.91. 1,644,604 shares of the stock were exchanged, compared to its average volume of 2,027,611. The company has a 50 day simple moving average of $70.21 and a 200-day simple moving average of $69.07. The stock has a market capitalization of $17.56 billion, a P/E ratio of 37.58, a P/E/G ratio of 1.03 and a beta of 1.44. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $79.64.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The firm had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. Analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
About US Foods
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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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