Pallas Capital Advisors LLC increased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 184.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,991 shares of the company's stock after purchasing an additional 12,303 shares during the quarter. Pallas Capital Advisors LLC's holdings in US Foods were worth $1,243,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners boosted its position in US Foods by 0.6% in the fourth quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after buying an additional 77,012 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in US Foods by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock worth $290,369,000 after purchasing an additional 292,404 shares in the last quarter. Norges Bank bought a new stake in US Foods during the fourth quarter worth about $211,300,000. Artisan Partners Limited Partnership bought a new position in shares of US Foods during the fourth quarter valued at about $171,107,000. Finally, Ameriprise Financial Inc. raised its stake in shares of US Foods by 1.7% during the fourth 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 last quarter. Institutional investors own 98.76% of the company's stock.
US Foods Price Performance
USFD traded down $0.05 during midday trading on Thursday, reaching $75.94. 223,695 shares of the company's stock were exchanged, compared to its average volume of 2,020,567. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The business has a 50-day simple moving average of $70.21 and a two-hundred day simple moving average of $69.07. US Foods Holding Corp. has a one year low of $50.05 and a one year high of $79.64.
US Foods (NYSE:USFD - Get Free Report) last posted 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). The company had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently commented on USFD shares. Guggenheim reissued a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. Citigroup started coverage on shares of US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target on the stock. Truist Financial boosted their target price on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Morgan Stanley upped their price target on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Piper Sandler lifted their price target on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $76.75.
Get Our Latest Research Report on US Foods
Insider Buying and Selling at US Foods
In other US Foods 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 transaction of $1,125,000.00. Following the completion of the sale, the executive vice president now directly owns 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.
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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