Focus Partners Wealth lifted its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 15.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,308 shares of the company's stock after acquiring an additional 9,968 shares during the quarter. Focus Partners Wealth's holdings in US Foods were worth $5,080,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. Wedmont Private Capital purchased a new stake in US Foods in the fourth quarter worth approximately $200,000. Pallas Capital Advisors LLC bought a new stake in shares of US Foods in the 4th quarter worth approximately $451,000. Assenagon Asset Management S.A. increased its stake in shares of US Foods by 94.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 407,611 shares of the company's stock worth $27,497,000 after buying an additional 198,432 shares during the period. Park Avenue Securities LLC increased its stake in shares of US Foods by 11.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,147 shares of the company's stock worth $482,000 after buying an additional 762 shares during the period. Finally, Legacy Wealth Asset Management LLC increased its position in US Foods by 4.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock valued at $279,000 after purchasing an additional 160 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.
Insider Buying and Selling
In other US Foods news, Director David W. Bullock bought 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on USFD. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Guggenheim reaffirmed a "buy" rating and issued a $80.00 price target on shares of US Foods in a research note on Monday, May 12th. Piper Sandler lifted their target price on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. UBS Group raised their target price on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Truist Financial upped their target price on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $73.00.
Get Our Latest Report on USFD
US Foods Stock Performance
Shares of NYSE:USFD traded up $0.75 on Monday, hitting $77.38. The company's stock had a trading volume of 1,354,014 shares, compared to its average volume of 2,014,086. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $77.66. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 38.31, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The stock's 50-day moving average is $65.78 and its two-hundred day moving average is $67.67.
US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm 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 business's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current 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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