Quantinno Capital Management LP increased its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 41.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,084 shares of the company's stock after buying an additional 46,968 shares during the quarter. Quantinno Capital Management LP owned about 0.07% of US Foods worth $10,799,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in USFD. EntryPoint Capital LLC purchased a new stake in US Foods in the 4th quarter valued at approximately $357,000. Longbow Finance SA purchased a new stake in US Foods in the 4th quarter valued at approximately $9,001,000. Avantax Advisory Services Inc. boosted its holdings in US Foods by 121.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock valued at $751,000 after purchasing an additional 6,108 shares in the last quarter. Merit Financial Group LLC purchased a new stake in US Foods in the 4th quarter valued at approximately $413,000. Finally, Westover Capital Advisors LLC boosted its holdings in US Foods by 199.2% in the 4th quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company's stock valued at $1,735,000 after purchasing an additional 17,125 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
Insider Buying and Selling at US Foods
In other US Foods news, Director David W. Bullock purchased 4,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares of the company's stock, valued at approximately $319,770. The trade was a 800.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by insiders.
Analyst Ratings Changes
USFD has been the subject of a number of research reports. Guggenheim reiterated a "buy" rating and set a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. Piper Sandler lifted their price target on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. UBS Group lifted their price target on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 9th. StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 13th. Finally, Morgan Stanley lifted their price target on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $73.00.
Get Our Latest Stock Report on USFD
US Foods Price Performance
Shares of US Foods stock traded up $0.84 during trading on Friday, hitting $76.64. 2,833,238 shares of the company were exchanged, compared to its average volume of 2,016,208. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $76.92. The stock has a market capitalization of $17.73 billion, a price-to-earnings ratio of 37.94, a P/E/G ratio of 1.03 and a beta of 1.35. The firm has a 50 day moving average price of $65.78 and a 200 day moving average price of $67.63.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. On average, equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
US Foods 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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