Moran Wealth Management LLC Acquires Shares of 105,351 US Foods Holding Corp. (NYSE:USFD)

Moran Wealth Management LLC purchased a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 105,351 shares of the company's stock, valued at approximately $6,896,000.

A number of other institutional investors have also added to or reduced their stakes in USFD. Allspring Global Investments Holdings LLC grew its position 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 buying an additional 206 shares during the last quarter. Principal Securities Inc. grew its position in shares of US Foods by 21.9% in the 4th quarter. Principal Securities Inc. now owns 1,520 shares of the company's stock worth $103,000 after buying an additional 273 shares during the last quarter. Truist Financial Corp grew its position in shares of US Foods by 3.6% in the 4th quarter. Truist Financial Corp now owns 30,826 shares of the company's stock worth $2,080,000 after buying an additional 1,083 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of US Foods by 36.8% in the 4th quarter. Global Retirement Partners LLC now owns 2,889 shares of the company's stock worth $195,000 after buying an additional 777 shares during the last quarter. Finally, Wealthspire Advisors LLC purchased a new position in shares of US Foods in the 4th quarter worth approximately $233,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

US Foods Price Performance

US Foods stock opened at $76.71 on Wednesday. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $79.64. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 1.10 and a beta of 1.44. The company has a fifty day simple moving average of $72.64 and a 200-day simple moving average of $69.40. 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 released its 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). US Foods had a return on equity of 15.58% and a net margin of 1.38%. The business had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. During the same period in the previous year, the company earned $0.54 EPS. US Foods's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Transactions at US Foods

In related 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 value of $1,125,000.00. Following the completion of the sale, the executive vice president now owns 115,077 shares of the company's stock, 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 can be accessed through this link. Insiders own 0.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Guggenheim reaffirmed a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. Morgan Stanley boosted their target price on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Barclays boosted their target price on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Finally, Citigroup started coverage on shares of US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price on the stock. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $76.75.

US Foods Profile

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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