Cetera Investment Advisers Has $1.62 Million Holdings in US Foods Holding Corp. (NYSE:USFD)

Cetera Investment Advisers raised its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 84.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,062 shares of the company's stock after buying an additional 11,024 shares during the period. Cetera Investment Advisers' holdings in US Foods were worth $1,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in USFD. Boston Partners grew its position in shares of US Foods by 0.6% in the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after acquiring an additional 77,012 shares during the period. JPMorgan Chase & Co. grew its position in shares of US Foods by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after acquiring an additional 292,404 shares during the period. Norges Bank bought a new position in shares of US Foods in the 4th quarter valued at about $211,300,000. Artisan Partners Limited Partnership bought a new position in shares of US Foods in the 4th quarter valued at about $171,107,000. Finally, Ameriprise Financial Inc. grew its position in shares of US Foods by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after acquiring an additional 36,307 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

USFD has been the subject of a number of analyst reports. Guggenheim reissued a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. Morgan Stanley lifted their target price on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Barclays lifted their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, Truist Financial lifted 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. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $75.92.

Insider Activity

In related news, EVP Dirk J. Locascio sold 15,000 shares of the company'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 directly owns 115,077 shares in the company, valued at $8,630,775. This represents a 11.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.

US Foods Stock Performance

NYSE USFD traded down $0.01 during trading on Monday, reaching $75.88. The company's stock had a trading volume of 1,974,022 shares, compared to its average volume of 2,030,107. The firm has a 50 day moving average price of $67.15 and a 200 day moving average price of $68.18. The firm has a market capitalization of $17.55 billion, a price-to-earnings ratio of 37.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $78.18.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. US Foods's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS 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.