Cookson Peirce & Co. Inc. acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 408,617 shares of the company's stock, valued at approximately $18,555,000. Cookson Peirce & Co. Inc. owned about 0.17% of US Foods as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its stake in US Foods by 3.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 37,445 shares of the company's stock valued at $1,409,000 after purchasing an additional 1,411 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of US Foods by 9.4% in the first quarter. Bank of New York Mellon Corp now owns 938,355 shares of the company's stock worth $35,311,000 after buying an additional 80,621 shares during the period. US Bancorp DE increased its stake in shares of US Foods by 16.3% in the first quarter. US Bancorp DE now owns 7,822 shares of the company's stock worth $296,000 after buying an additional 1,094 shares during the period. HighTower Advisors LLC purchased a new position in US Foods during the 1st quarter valued at $215,000. Finally, Natixis Advisors L.P. increased its position in US Foods by 27.8% during the 1st quarter. Natixis Advisors L.P. now owns 15,716 shares of the company's stock valued at $591,000 after purchasing an additional 3,421 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Stock Performance
NYSE USFD traded up $0.98 during trading hours on Tuesday, reaching $51.53. The stock had a trading volume of 2,828,942 shares, compared to its average volume of 1,754,210. The stock has a fifty day moving average of $51.45 and a 200 day moving average of $45.80. The stock has a market cap of $12.64 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 0.85 and a beta of 1.58. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $54.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). US Foods had a net margin of 1.42% and a return on equity of 13.41%. The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. Sell-side analysts predict that US Foods Holding Corp. will post 2.91 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on USFD. Morgan Stanley upped their target price on shares of US Foods from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Friday. UBS Group upgraded shares of US Foods from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $47.00 to $64.00 in a research note on Tuesday, February 20th. BMO Capital Markets raised their target price on shares of US Foods from $50.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. BTIG Research raised their target price on shares of US Foods from $52.00 to $62.00 and gave the stock a "buy" rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of US Foods from $50.00 to $52.00 and gave the company a "neutral" rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $54.92.
View Our Latest Analysis on US Foods
Insider Buying and Selling at US Foods
In other news, EVP David A. Rickard sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the completion of the transaction, the executive vice president now directly owns 148,561 shares of the company's stock, valued at approximately $7,802,423.72. The sale was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is currently owned by corporate 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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