USA Financial Formulas Takes $331,000 Position in US Foods Holding Corp. (NYSE:USFD)

USA Financial Formulas purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,050 shares of the company's stock, valued at approximately $331,000.

Several other institutional investors also recently bought and sold shares of USFD. Assenagon Asset Management S.A. grew its stake in US Foods by 8.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 441,218 shares of the company's stock valued at $28,882,000 after purchasing an additional 33,607 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of US Foods by 16.0% in the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after purchasing an additional 478 shares during the period. Pallas Capital Advisors LLC boosted its stake in shares of US Foods by 184.0% during the 1st quarter. Pallas Capital Advisors LLC now owns 18,991 shares of the company's stock worth $1,243,000 after acquiring an additional 12,303 shares in the last quarter. Farther Finance Advisors LLC boosted its position in US Foods by 27.2% during the first quarter. Farther Finance Advisors LLC now owns 6,516 shares of the company's stock worth $430,000 after purchasing an additional 1,393 shares in the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in shares of US Foods during the 1st quarter valued at approximately $248,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Dirk J. Locascio sold 15,000 shares of the company'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 sale, the executive vice president now owns 115,077 shares in the company, valued at $8,630,775. This represents a 11.53% decrease in their ownership of the stock. 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 insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on USFD shares. Guggenheim reissued a "buy" rating and set a $80.00 target price on shares of US Foods in a report on Monday, May 12th. Piper Sandler boosted their target price on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Truist Financial raised their price objective on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. Finally, Morgan Stanley raised their price objective on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. One equities research 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 company's stock. According to data from MarketBeat, US Foods has a consensus rating of "Buy" and a consensus target price of $76.75.

US Foods Stock Performance

Shares of USFD stock traded up $0.12 during mid-day trading on Thursday, hitting $76.11. 356,412 shares of the stock were exchanged, compared to its average volume of 2,021,151. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 1.03 and a beta of 1.44. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $79.64. The stock's fifty day simple moving average is $70.21 and its two-hundred day simple moving average is $69.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21.

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 for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current 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.