Tower Research Capital LLC TRC raised its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 183.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,036 shares of the company's stock after purchasing an additional 11,031 shares during the quarter. Tower Research Capital LLC TRC's holdings in US Foods were worth $1,149,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. GeoWealth Management LLC raised its holdings 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after acquiring an additional 178 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in US Foods during the 4th quarter valued at $32,000. R Squared Ltd bought a new stake in US Foods in the 4th quarter worth $34,000. Finally, Smartleaf Asset Management LLC increased its position in shares of US Foods by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock valued at $49,000 after acquiring an additional 243 shares during the period. 98.76% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on USFD. Barclays boosted their price target on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, February 14th. StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Morgan Stanley boosted their target price on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Truist Financial upped their price target on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Piper Sandler upped their price target on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $71.83.
Read Our Latest Stock Report on US Foods
US Foods Stock Performance
USFD stock traded down $0.14 during trading on Wednesday, reaching $65.12. The company had a trading volume of 118,654 shares, compared to its average volume of 2,207,222. The firm has a 50-day simple moving average of $65.30 and a 200-day simple moving average of $66.81. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. US Foods Holding Corp. has a twelve month low of $50.05 and a twelve month high of $73.19.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion for the quarter, compared to analysts' expectations of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. As a group, sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Insider Transactions at US Foods
In other news, Director David W. Bullock bought 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now directly owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.
US Foods Company 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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