Wright Investors Service Inc. Makes New $891,000 Investment in US Foods Holding Corp. (NYSE:USFD)

Wright Investors Service Inc. bought a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,612 shares of the company's stock, valued at approximately $891,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in US Foods in the fourth quarter valued at approximately $30,000. NewEdge Advisors LLC raised its holdings in US Foods by 67.4% during the first quarter. NewEdge Advisors LLC now owns 708 shares of the company's stock worth $26,000 after purchasing an additional 285 shares in the last quarter. KB Financial Partners LLC acquired a new stake in US Foods during the first quarter worth approximately $34,000. Anchor Investment Management LLC acquired a new stake in US Foods during the fourth quarter worth approximately $47,000. Finally, Fifth Third Bancorp raised its holdings in US Foods by 36.1% during the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company's stock worth $47,000 after purchasing an additional 316 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on USFD. Truist Financial raised their price objective on shares of US Foods from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. StockNews.com raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Friday, February 23rd. Piper Sandler raised shares of US Foods from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $45.00 to $59.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $50.00 to $52.00 and gave the stock a "neutral" rating in a report on Tuesday, March 19th. Finally, 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 report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, US Foods has an average rating of "Buy" and a consensus target price of $54.92.

US Foods Stock Performance

NYSE:USFD traded down $0.25 during midday trading on Thursday, reaching $49.95. The stock had a trading volume of 1,322,499 shares, compared to its average volume of 1,744,571. The firm has a fifty day simple moving average of $51.68 and a two-hundred day simple moving average of $45.94. US Foods Holding Corp. has a 12-month low of $35.66 and a 12-month high of $54.94. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The stock has a market cap of $12.25 billion, a P/E ratio of 24.73, a P/E/G ratio of 0.87 and a beta of 1.58.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). The firm had revenue of $8.94 billion during the quarter, compared to analysts' expectations of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. On average, equities analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current year.

Insiders Place Their Bets

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the sale, the executive vice president now directly owns 148,561 shares in the company, valued at approximately $7,802,423.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% 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.