Hsbc Holdings PLC lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 4,602.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 372,211 shares of the company's stock after acquiring an additional 364,295 shares during the period. Hsbc Holdings PLC owned approximately 0.16% of US Foods worth $25,193,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC increased its holdings in US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in US Foods in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its position in shares of US Foods by 59.5% in the 4th 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. R Squared Ltd bought a new position in shares of US Foods during the fourth quarter worth $34,000. Finally, Smartleaf Asset Management LLC increased its position in shares of US Foods by 50.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock valued at $49,000 after buying an additional 243 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, Director David W. Bullock bought 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, for a total transaction 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. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.
US Foods Stock Performance
NYSE:USFD traded up $0.65 during mid-day trading on Thursday, hitting $66.31. The stock had a trading volume of 1,344,921 shares, compared to its average volume of 1,982,253. The company's 50 day simple moving average is $65.17 and its 200 day simple moving average is $66.80. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of 32.83, a PEG ratio of 1.03 and a beta of 1.38. 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 Holding Corp. has a twelve month low of $50.05 and a twelve month high of $73.19.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 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 $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Wall Street Analysts Forecast Growth
USFD has been the subject of a number of research reports. Piper Sandler increased their target price on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Barclays increased their target price on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Morgan Stanley increased their price objective on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Finally, UBS Group boosted their target price on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $71.83.
View Our Latest Stock Analysis on US Foods
US Foods Company Profile
(
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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