Massar Capital Management LP bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 57,521 shares of the company's stock, valued at approximately $3,880,000. US Foods accounts for 4.4% of Massar Capital Management LP's investment portfolio, making the stock its 5th biggest position.
A number of other hedge funds also recently modified their holdings of the business. GeoWealth Management LLC boosted its position in US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in US Foods during the fourth quarter valued at about $32,000. R Squared Ltd bought a new position in US Foods during the fourth quarter valued at about $34,000. Finally, Smartleaf Asset Management LLC raised its holdings in US Foods by 50.2% during the fourth 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. Hedge funds and other institutional investors own 98.76% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on USFD shares. Truist Financial raised their target price on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Morgan Stanley lifted their price objective on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Guggenheim reiterated a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research note on Monday, April 14th. Finally, Piper Sandler lifted 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. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, US Foods currently has a consensus rating of "Buy" and an average price target of $71.83.
Check Out Our Latest Analysis on USFD
US Foods Trading Down 0.3 %
Shares of USFD traded down $0.22 during trading hours on Friday, hitting $64.41. 1,069,525 shares of the stock traded hands, compared to its average volume of 1,985,302. 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 Holding Corp. has a 1-year low of $50.05 and a 1-year high of $73.19. The firm has a market capitalization of $14.85 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The business has a fifty day moving average of $65.44 and a 200-day moving average of $66.78.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. Analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.
Insider Activity
In related news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company insiders.
US Foods Company Profile
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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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