Sovereign s Capital Management LLC Buys Shares of 7,053 US Foods Holding Corp. (NYSE:USFD)

Sovereign s Capital Management LLC acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,053 shares of the company's stock, valued at approximately $476,000.

Several other large investors also recently modified their holdings of the company. Two Sigma Advisers LP acquired a new stake in shares of US Foods during the fourth quarter worth $2,098,000. True Wealth Design LLC boosted its stake in US Foods by 153.6% during the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock worth $33,000 after acquiring an additional 298 shares in the last quarter. State of Wyoming boosted its stake in US Foods by 85.8% during the fourth quarter. State of Wyoming now owns 7,409 shares of the company's stock worth $500,000 after acquiring an additional 3,421 shares in the last quarter. Snowden Capital Advisors LLC boosted its stake in US Foods by 97.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 8,179 shares of the company's stock worth $552,000 after acquiring an additional 4,045 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC boosted its stake in US Foods by 4.7% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 8,836 shares of the company's stock worth $596,000 after acquiring an additional 399 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on USFD. Truist Financial increased their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their target price on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday. UBS Group raised their price objective on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Morgan Stanley raised their price objective on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Barclays raised their price objective on shares of US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $74.18.

Insider Activity at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction that occurred 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 owns 115,077 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

US Foods Stock Performance

Shares of USFD traded down $1.67 during trading hours on Wednesday, hitting $76.17. The company's stock had a trading volume of 1,759,994 shares, compared to its average volume of 2,025,373. The company has a market cap of $17.62 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 1.03 and a beta of 1.35. 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 business has a 50 day simple moving average of $66.52 and a two-hundred day simple moving average of $67.91. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $78.18.

US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The business had revenue of $9.35 billion during 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%. US Foods's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

About US Foods

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.