Mackenzie Financial Corp Acquires 19,217 Shares of US Foods Holding Corp. (NYSE:USFD)

Mackenzie Financial Corp increased its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287,758 shares of the company's stock after purchasing an additional 19,217 shares during the period. Mackenzie Financial Corp owned 0.12% of US Foods worth $13,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. purchased a new stake in US Foods during the fourth quarter valued at about $30,000. NewEdge Advisors LLC grew its position in US Foods by 67.4% during the first quarter. NewEdge Advisors LLC now owns 708 shares of the company's stock valued at $26,000 after acquiring an additional 285 shares during the period. KB Financial Partners LLC purchased a new stake in US Foods during the first quarter valued at about $34,000. Anchor Investment Management LLC acquired a new position in shares of US Foods during the fourth quarter worth about $47,000. Finally, Fifth Third Bancorp lifted its stake in shares of 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. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of recent research reports. BMO Capital Markets boosted their price objective on US Foods from $50.00 to $58.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Piper Sandler upgraded US Foods from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $45.00 to $59.00 in a research note on Tuesday, February 20th. Morgan Stanley boosted their price objective on US Foods from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Friday, April 12th. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on US Foods from $50.00 to $52.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $54.92.

Insider Buying and Selling at US Foods

In other US Foods 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 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 legal filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by insiders.

US Foods Stock Up 0.2 %

Shares of NYSE:USFD traded up $0.09 during trading on Friday, hitting $50.04. The company's stock had a trading volume of 1,511,464 shares, compared to its average volume of 1,711,619. 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 Holding Corp. has a fifty-two week low of $35.66 and a fifty-two week high of $54.94. The stock's 50-day moving average price is $51.74 and its two-hundred day moving average price is $46.02. The company has a market capitalization of $12.27 billion, a PE ratio of 24.77, a PEG ratio of 0.84 and a beta of 1.58.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $8.81 billion. As a group, sell-side analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current year.

About US Foods

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.