Ritholtz Wealth Management acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,605 shares of the company's stock, valued at approximately $236,000.
Other hedge funds have also modified their holdings of the company. EntryPoint Capital LLC acquired a new stake in shares of US Foods in the fourth quarter valued at $357,000. Longbow Finance SA purchased a new position in shares of US Foods during the fourth quarter worth about $9,001,000. Avantax Advisory Services Inc. grew its holdings in shares of US Foods by 121.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after purchasing an additional 6,108 shares during the last quarter. Miracle Mile Advisors LLC purchased a new position in shares of US Foods during the first quarter worth about $248,000. Finally, Man Group plc grew its holdings in shares of US Foods by 307.3% during the fourth quarter. Man Group plc now owns 414,629 shares of the company's stock worth $27,971,000 after purchasing an additional 312,833 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
US Foods Price Performance
Shares of USFD stock traded up $1.12 during midday trading on Friday, reaching $76.40. 4,879,014 shares of the company traded hands, compared to its average volume of 2,021,947. The firm's 50 day simple moving average is $72.11 and its two-hundred day simple moving average is $69.34. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $79.64. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74. The firm has a market cap of $17.68 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.
US Foods (NYSE:USFD - Get Free Report) last posted 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). US Foods had a net margin of 1.38% and a return on equity of 15.58%. The company had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. US Foods's revenue was up 4.5% on a year-over-year basis. On average, equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Buying and Selling
In related 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 transaction 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 $8,630,775. The trade was a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. UBS Group raised their price objective on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Guggenheim reaffirmed a "buy" rating and set a $80.00 price objective on shares of US Foods in a report on Monday, May 12th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Citigroup started coverage on US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target on the stock. Finally, Barclays raised their price target on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $76.75.
View Our Latest Research Report on USFD
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.
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