USA Financial Formulas bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,050 shares of the company's stock, valued at approximately $331,000.
Other large investors also recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in shares of US Foods in the fourth quarter worth about $25,000. GeoWealth Management LLC boosted its holdings in shares of US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after purchasing an additional 178 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of US Foods during the fourth quarter worth approximately $32,000. Finally, True Wealth Design LLC boosted its holdings in shares of 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 purchasing an additional 298 shares during the period. Institutional investors own 98.76% of the company's stock.
Insider Activity
In related news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 115,077 shares of the company's stock, valued at approximately $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Piper Sandler raised their price target on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Morgan Stanley raised their price target 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. Finally, Guggenheim reaffirmed a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $76.75.
Read Our Latest Analysis on USFD
US Foods Stock Down 1.6%
Shares of USFD traded down $1.26 during trading hours on Friday, hitting $75.40. 1,583,575 shares of the company were exchanged, compared to its average volume of 2,028,699. The company has a market cap of $17.44 billion, a PE ratio of 37.33, a PEG ratio of 1.03 and a beta of 1.44. The firm's 50 day moving average is $70.83 and its 200-day moving average is $69.15. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $79.64. 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 released its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same period in the prior year, the business earned $0.54 EPS. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
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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