Suncoast Equity Management acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,890 shares of the company's stock, valued at approximately $713,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in shares of US Foods in the fourth quarter valued at approximately $357,000. Longbow Finance SA bought a new stake in US Foods during the 4th quarter valued at $9,001,000. Avantax Advisory Services Inc. lifted its holdings in shares of US Foods by 121.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after buying an additional 6,108 shares during the period. Miracle Mile Advisors LLC bought a new position in shares of US Foods during the 1st quarter worth $248,000. Finally, Man Group plc increased its stake 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 valued at $27,971,000 after buying an additional 312,833 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.
Insiders Place Their Bets
In other news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 115,077 shares of the company's stock, valued at approximately $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.60% of the company's stock.
US Foods Stock Up 0.5%
NYSE:USFD traded up $0.38 during mid-day trading on Tuesday, hitting $76.71. 1,578,030 shares of the company's stock traded hands, compared to its average volume of 2,018,261. The company has a fifty day moving average of $72.37 and a 200 day moving average of $69.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17. US Foods Holding Corp. has a twelve month low of $50.05 and a twelve month high of $81.99. The company has a market capitalization of $17.75 billion, a P/E ratio of 35.19, a P/E/G ratio of 1.10 and a beta of 1.44.
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 net margin of 1.38% and a return on equity of 15.58%. The business's revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
Analyst Upgrades and Downgrades
USFD has been the subject of a number of research reports. Barclays upped their price objective on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Morgan Stanley upped 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 objective on shares of US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. Guggenheim reissued a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Finally, Citigroup initiated coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price on the stock. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, US Foods has a consensus rating of "Buy" and a consensus target price of $76.75.
Get Our Latest Stock Analysis on US Foods
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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