Wright Investors Service Inc. lowered its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 46.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,584 shares of the company's stock after selling 12,435 shares during the quarter. Wright Investors Service Inc.'s holdings in US Foods were worth $955,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colonial Trust Co SC purchased a new stake in shares of US Foods during the fourth quarter valued at $25,000. GeoWealth Management LLC lifted its holdings in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the period. Legacy Investment Solutions LLC bought a new position in US Foods in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its holdings in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares during the period. Finally, True Wealth Design LLC lifted its holdings in US Foods by 153.6% in the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after acquiring an additional 298 shares during the period. Institutional investors own 98.76% of the company's stock.
Wall Street Analyst Weigh In
USFD has been the topic of a number of recent research reports. Morgan Stanley increased their target price on US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their target price on US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. 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. Citigroup began coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price for the company. Finally, UBS Group raised their price target on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, US Foods has a consensus rating of "Buy" and a consensus price target of $76.75.
Get Our Latest Research Report on USFD
US Foods Stock Performance
Shares of NYSE USFD traded up $0.47 during midday trading on Thursday, reaching $77.85. The company had a trading volume of 639,518 shares, compared to its average volume of 2,036,246. The business's 50-day simple moving average is $69.02 and its 200 day simple moving average is $68.73. The stock has a market cap of $18.01 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.03 and a beta of 1.35. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 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 released its quarterly earnings data 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). The business had revenue of $9.35 billion during the quarter, compared to analyst estimates 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 was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. On average, analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Insider Activity at US Foods
In related news, EVP Dirk J. Locascio sold 15,000 shares of the firm'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 sale, the executive vice president now owns 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.
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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