Sovereign s Capital Management LLC purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,053 shares of the company's stock, valued at approximately $476,000.
Other large investors have also modified their holdings of the company. EntryPoint Capital LLC purchased a new stake in US Foods in the 4th quarter valued at approximately $357,000. Longbow Finance SA purchased a new stake in US Foods in the 4th quarter valued at approximately $9,001,000. Avantax Advisory Services Inc. boosted its holdings in US Foods by 121.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock valued at $751,000 after purchasing an additional 6,108 shares in the last quarter. Merit Financial Group LLC purchased a new stake in US Foods in the 4th quarter valued at approximately $413,000. Finally, Westover Capital Advisors LLC boosted its holdings in US Foods by 199.2% in the 4th quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company's stock valued at $1,735,000 after purchasing an additional 17,125 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Price Performance
Shares of USFD traded down $0.01 during midday trading on Friday, reaching $75.88. The stock had a trading volume of 1,974,022 shares, compared to its average volume of 2,027,721. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $78.18. 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 firm's 50 day moving average price is $66.93 and its 200-day moving average price is $68.09. The company has a market capitalization of $17.55 billion, a P/E ratio of 37.56, a P/E/G ratio of 1.03 and a beta of 1.35.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. US Foods's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was 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 $8,630,775. This trade represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley increased their price target on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Truist Financial increased their price target on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday. Finally, Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $75.92.
Read Our Latest Research Report on USFD
US Foods 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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