Silvercrest Asset Management Group LLC increased its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,636,092 shares of the company's stock after buying an additional 53,460 shares during the quarter. US Foods accounts for approximately 0.7% of Silvercrest Asset Management Group LLC's holdings, making the stock its 23rd largest holding. Silvercrest Asset Management Group LLC owned 0.70% of US Foods worth $110,371,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Colonial Trust Co SC bought a new stake in shares of US Foods in the fourth quarter worth $25,000. GeoWealth Management LLC raised its stake in US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the period. Legacy Investment Solutions LLC acquired a new stake in US Foods during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its position in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after purchasing an additional 178 shares during the period. Finally, R Squared Ltd bought a new position in shares of US Foods in the fourth quarter valued at about $34,000. 98.76% of the stock is currently owned by institutional investors.
Insider Buying and Selling at US Foods
In other news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 115,077 shares in the company, valued at approximately $8,630,775. This represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on USFD shares. Morgan Stanley raised their price target on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. raised their target price on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday. Guggenheim reiterated a "buy" rating and issued a $80.00 price target on shares of US Foods in a research note on Monday, May 12th. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Piper Sandler upped their target price on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $74.18.
Read Our Latest Report on USFD
US Foods Price Performance
Shares of USFD stock traded down $1.75 on Wednesday, hitting $76.09. 582,870 shares of the company's stock were exchanged, compared to its average volume of 2,017,364. The company has a 50 day moving average of $66.30 and a 200 day moving average of $67.85. The stock has a market cap of $17.60 billion, a P/E ratio of 37.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $78.18.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same period last year, the company posted $0.54 EPS. The firm's revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.
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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