Two Sigma Advisers LP acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,100 shares of the company's stock, valued at approximately $2,098,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Colonial Trust Co SC acquired a new stake in US Foods in the fourth quarter worth $25,000. GeoWealth Management LLC increased its position in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after buying an additional 189 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after buying an additional 178 shares during the period. Legacy Investment Solutions LLC bought a new position in US Foods during the fourth quarter worth about $32,000. Finally, True Wealth Design LLC lifted 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 worth $33,000 after acquiring an additional 298 shares in the last quarter. Institutional investors own 98.76% of the company's stock.
Analysts Set New Price Targets
Several brokerages have issued reports on USFD. UBS Group increased their price target on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Barclays increased their target price on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Truist Financial raised their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley upped 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. One investment 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 stock. Based on data from MarketBeat.com, US Foods has an average rating of "Buy" and an average price target of $75.92.
Read Our Latest Stock Report on USFD
US Foods Stock Down 0.2%
Shares of USFD stock traded down $0.13 during trading on Monday, reaching $78.99. The company's stock had a trading volume of 1,817,986 shares, compared to its average volume of 2,040,757. US Foods Holding Corp. has a one year low of $50.05 and a one year high of $79.64. The business has a fifty day moving average price of $68.50 and a 200-day moving average price of $68.60. The company has a market cap of $18.27 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results 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). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Insider Activity at US Foods
In other news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction that occurred 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 approximately $8,630,775. This represents a 11.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.
US Foods Company Profile
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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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