Wealth Enhancement Advisory Services LLC Increases Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 183.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,894 shares of the company's stock after buying an additional 18,057 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in US Foods were worth $1,882,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of USFD. Blue Trust Inc. boosted its position in shares of US Foods by 91.4% during the fourth quarter. Blue Trust Inc. now owns 1,382 shares of the company's stock valued at $85,000 after buying an additional 660 shares during the last quarter. Tectonic Advisors LLC boosted its position in US Foods by 22.4% in the fourth quarter. Tectonic Advisors LLC now owns 6,490 shares of the company's stock worth $438,000 after purchasing an additional 1,189 shares during the last quarter. Silver Oak Securities Incorporated boosted its position in US Foods by 145.4% in the fourth quarter. Silver Oak Securities Incorporated now owns 16,817 shares of the company's stock worth $1,138,000 after purchasing an additional 9,965 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in US Foods in the fourth quarter worth about $560,000. Finally, Savant Capital LLC boosted its position in US Foods by 35.8% in the fourth quarter. Savant Capital LLC now owns 6,932 shares of the company's stock worth $468,000 after purchasing an additional 1,829 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Price Performance

USFD traded up $0.18 on Friday, hitting $77.79. 1,253,621 shares of the company's stock traded hands, compared to its average volume of 2,032,785. The company's 50 day simple moving average is $69.49 and its 200-day simple moving average is $68.89. The firm has a market cap of $18.00 billion, a price-to-earnings ratio of 38.51, a P/E/G ratio of 1.03 and a beta of 1.44. US Foods Holding Corp. has a one year low of $50.05 and a one year high of $79.64. 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 (NYSE:USFD - Get Free Report) last issued its 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 business had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS. As a group, research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction that occurred on Thursday, May 15th. The stock was 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 owns 115,077 shares of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Truist Financial raised their target price on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Guggenheim reissued a "buy" rating and issued a $80.00 target price on shares of US Foods in a research report on Monday, May 12th. Piper Sandler raised their price objective on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley raised 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. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $76.75.

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.