Tradewinds LLC. bought a new stake in shares of 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 fund bought 74,119 shares of the company's stock, valued at approximately $4,852,000. US Foods makes up 1.4% of Tradewinds LLC.'s investment portfolio, making the stock its 22nd largest holding.
Several other institutional investors and hedge funds also recently bought and sold shares of USFD. Colonial Trust Co SC purchased a new position in US Foods during the fourth quarter valued at $25,000. GeoWealth Management LLC raised its holdings 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 period. EverSource Wealth Advisors LLC raised its holdings in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares during the period. Legacy Investment Solutions LLC bought a new stake in US Foods during the fourth quarter valued at about $32,000. Finally, True Wealth Design LLC raised its holdings in US Foods by 153.6% during the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after acquiring an additional 298 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the business's 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 owned 115,077 shares in the company, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have commented on USFD. Guggenheim reissued a "buy" rating and set a $80.00 price target on shares of US Foods in a report on Monday, May 12th. JPMorgan Chase & Co. raised their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. UBS Group raised their price target on US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 9th. Barclays raised their price target on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley raised their price target on US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $77.00.
View Our Latest Analysis on USFD
US Foods Price Performance
Shares of USFD stock traded up $0.69 during trading hours on Friday, hitting $78.42. The stock had a trading volume of 858,449 shares, compared to its average volume of 2,014,116. US Foods Holding Corp. has a one year low of $50.05 and a one 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 stock's 50-day moving average price is $74.95 and its two-hundred day moving average price is $69.86. The stock has a market capitalization of $18.14 billion, a price-to-earnings ratio of 35.97, a PEG ratio of 1.13 and a beta of 1.41.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $9.42 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
About US Foods
(
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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