Man Group plc Increases Stock Position in US Foods Holding Corp. (NYSE:USFD)

Man Group plc boosted its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 307.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 414,629 shares of the company's stock after buying an additional 312,833 shares during the period. Man Group plc owned approximately 0.18% of US Foods worth $27,971,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new stake in US Foods during the fourth quarter worth about $357,000. Longbow Finance SA bought a new position in US Foods in the 4th quarter valued at approximately $9,001,000. Avantax Advisory Services Inc. boosted its position in US Foods by 121.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after buying an additional 6,108 shares during the period. Merit Financial Group LLC bought a new stake in US Foods during the 4th quarter worth approximately $413,000. Finally, Westover Capital Advisors LLC lifted its holdings in shares of US Foods by 199.2% during the fourth quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company's stock worth $1,735,000 after purchasing an additional 17,125 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on USFD shares. UBS Group raised their price objective on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Morgan Stanley upped their target price on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Truist Financial raised their price target on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Guggenheim reiterated a "buy" rating and issued a $80.00 target price on shares of US Foods in a research note on Monday, May 12th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, US Foods has an average rating of "Buy" and an average price target of $73.00.

US Foods Stock Performance

US Foods stock traded up $0.59 during midday trading on Monday, reaching $77.22. The stock had a trading volume of 2,400,047 shares, compared to its average volume of 2,017,744. The firm has a market capitalization of $17.86 billion, a PE ratio of 38.23, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The firm's 50-day moving average price is $66.02 and its 200 day moving average price is $67.78. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $77.66.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 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 $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same period last year, the business posted $0.54 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares of the company's stock, valued at $319,770. This trade represents a 800.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction that occurred 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 in the company, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.60% of the company's stock.

US Foods 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.