Naples Money Management LLC acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,253 shares of the company's stock, valued at approximately $2,282,000. US Foods comprises about 2.1% of Naples Money Management LLC's portfolio, making the stock its 18th largest holding.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of US Foods during the fourth quarter valued at about $30,000. NewEdge Advisors LLC raised its stake in US Foods by 67.4% in the first quarter. NewEdge Advisors LLC now owns 708 shares of the company's stock worth $26,000 after buying an additional 285 shares in the last quarter. KB Financial Partners LLC bought a new position in US Foods in the first quarter worth about $34,000. Anchor Investment Management LLC bought a new position in US Foods in the fourth quarter worth about $47,000. Finally, Fifth Third Bancorp raised its stake in US Foods by 36.1% in the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company's stock worth $47,000 after buying an additional 316 shares in the last quarter. 98.76% of the stock is owned by institutional investors.
Insider Activity
In related news, EVP David A. Rickard sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the sale, the executive vice president now owns 148,561 shares in the company, valued at $7,802,423.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company's stock.
US Foods Stock Up 0.2 %
Shares of NYSE:USFD traded up $0.08 during trading on Friday, reaching $50.03. 1,511,464 shares of the stock traded hands, compared to its average volume of 1,741,500. The stock has a 50-day moving average of $51.74 and a two-hundred day moving average of $46.02. 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. The stock has a market cap of $12.27 billion, a P/E ratio of 24.77, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.60 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 firm had revenue of $8.94 billion for the quarter, compared to analysts' expectations of $8.81 billion. As a group, sell-side analysts expect that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Truist Financial increased their price target on shares of US Foods from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. BTIG Research increased their price target 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. Morgan Stanley raised their target price on shares of US Foods from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Friday, April 12th. Piper Sandler raised shares of US Foods from a "neutral" rating to an "overweight" rating and raised their target price for the company from $45.00 to $59.00 in a research note on Tuesday, February 20th. Finally, UBS Group raised shares of US Foods from a "neutral" rating to a "buy" rating and raised their target price for the company from $47.00 to $64.00 in a research note on Tuesday, February 20th. One investment 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 stock. According to MarketBeat.com, US Foods presently has an average rating of "Buy" and a consensus target price of $54.92.
View Our Latest Stock Report on USFD
US Foods 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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