US Foods Holding Corp. (NYSE:USFD) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 0.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 759,441 shares of the company's stock after acquiring an additional 5,737 shares during the period. Rhumbline Advisers owned approximately 0.33% of US Foods worth $49,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of USFD. Boston Partners increased its position in shares of US Foods by 0.6% during the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after purchasing an additional 77,012 shares during the last quarter. JPMorgan Chase & Co. grew its position in US Foods by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after acquiring an additional 292,404 shares during the last quarter. Norges Bank bought a new position in US Foods in the 4th quarter valued at $211,300,000. Artisan Partners Limited Partnership bought a new position in US Foods in the 4th quarter valued at $171,107,000. Finally, Ameriprise Financial Inc. grew its position in US Foods by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after acquiring an additional 36,307 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on USFD shares. Piper Sandler upped their price objective on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Morgan Stanley upped their price objective on US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. 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. Truist Financial upped their price objective on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Barclays upped their price objective on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $76.75.

US Foods Stock Up 0.2%

Shares of NYSE:USFD traded up $0.17 during trading hours on Thursday, hitting $77.55. The company's stock had a trading volume of 1,598,598 shares, compared to its average volume of 2,039,912. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $79.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 1.03 and a beta of 1.35. The firm's fifty day moving average price is $69.02 and its 200 day moving average price is $68.73.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data 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). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. During the same period in the previous year, the business earned $0.54 EPS. US Foods's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the business'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 transaction, the executive vice president now directly owns 115,077 shares in the company, valued at approximately $8,630,775. The trade was 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 the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.