3,605 Shares in US Foods Holding Corp. (NYSE:USFD) Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,605 shares of the company's stock, valued at approximately $236,000.

Several other hedge funds have also recently modified their holdings of USFD. Arizona State Retirement System grew its position in US Foods by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock worth $4,549,000 after purchasing an additional 170 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of US Foods by 59.5% in the fourth 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 increased its position in US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the last quarter. Vestcor Inc lifted its holdings in US Foods by 1.0% in the fourth quarter. Vestcor Inc now owns 20,200 shares of the company's stock valued at $1,363,000 after acquiring an additional 195 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in US Foods by 2.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company's stock worth $588,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Activity

In other US Foods 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 completion of the transaction, the executive vice president now directly owns 115,077 shares of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.

US Foods Price Performance

Shares of US Foods stock traded up $0.38 on Tuesday, hitting $76.71. 1,578,030 shares of the company traded hands, compared to its average volume of 2,018,261. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17. The business has a 50-day simple moving average of $72.37 and a 200 day simple moving average of $69.35. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $81.99. The stock has a market capitalization of $17.75 billion, a P/E ratio of 35.19, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a return on equity of 15.58% and a net margin of 1.38%. The company had revenue of $9.35 billion during the quarter, compared to analysts' expectations of $9.42 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on USFD. Guggenheim reiterated a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Morgan Stanley increased their price target 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. JPMorgan Chase & Co. lifted their price target on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. UBS Group upped their price objective on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Barclays raised 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. One 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 MarketBeat, US Foods currently has a consensus rating of "Buy" and an average price target of $76.75.

US Foods Company 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.