Pallas Capital Advisors LLC Has $1.24 Million Holdings in US Foods Holding Corp. (NYSE:USFD)

Pallas Capital Advisors LLC grew its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 184.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,991 shares of the company's stock after acquiring an additional 12,303 shares during the period. Pallas Capital Advisors LLC's holdings in US Foods were worth $1,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of USFD. EntryPoint Capital LLC bought a new position in US Foods during the fourth quarter worth $357,000. Longbow Finance SA bought a new position in shares of US Foods in the 4th quarter worth about $9,001,000. Avantax Advisory Services Inc. lifted its position 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 last quarter. Man Group plc boosted its holdings in shares of US Foods by 307.3% in the 4th 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. Finally, Redwood Investment Management LLC grew its position in shares of US Foods by 178.1% during the 4th quarter. Redwood Investment Management LLC now owns 75,653 shares of the company's stock valued at $5,104,000 after buying an additional 48,448 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on USFD. UBS Group raised their target price on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Piper Sandler raised their price target on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley upped their price objective on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their target price on US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Finally, Citigroup initiated coverage on shares of US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target for the company. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $76.75.

Insiders Place Their Bets

In related news, EVP Dirk J. Locascio sold 15,000 shares of the business'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 value of $1,125,000.00. Following the sale, the executive vice president now directly owns 115,077 shares in the company, valued at $8,630,775. The trade was 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 link. 0.60% of the stock is owned by company insiders.

US Foods Price Performance

US Foods stock traded down $1.26 during trading hours on Friday, hitting $75.40. 1,583,575 shares of the company traded hands, compared to its average volume of 2,028,699. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $79.64. The firm has a market cap of $17.44 billion, a P/E ratio of 37.33, a P/E/G ratio of 1.03 and a beta of 1.44. The firm's 50-day simple moving average is $70.83 and its two-hundred day simple moving average is $69.15. 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 posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates 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 1.30% and a return on equity of 15.03%. US Foods's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. As a group, analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

US Foods Company Profile

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.