BNP Paribas Financial Markets raised its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 16.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 271,916 shares of the company's stock after acquiring an additional 38,110 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.12% of US Foods worth $18,343,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. GeoWealth Management LLC grew its position in US Foods by 94.5% during the fourth 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. EverSource Wealth Advisors LLC boosted its holdings in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in US Foods in the fourth quarter valued at about $32,000. R Squared Ltd purchased a new position in US Foods in the fourth quarter valued at about $34,000. Finally, Smartleaf Asset Management LLC raised its stake in US Foods by 50.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock valued at $49,000 after buying an additional 243 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
Wall Street Analysts Forecast Growth
USFD has been the topic of a number of research reports. Truist Financial increased their price target on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research 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. Guggenheim reissued a "buy" rating and set a $80.00 price objective on shares of US Foods in a research note on Monday. Barclays raised their price objective on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, UBS Group increased their target price on US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $73.00.
Check Out Our Latest Stock Analysis on US Foods
US Foods Stock Up 2.6%
US Foods stock traded up $1.85 during mid-day trading on Monday, hitting $73.55. 2,254,307 shares of the company's stock were exchanged, compared to its average volume of 2,005,931. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The stock has a market cap of $16.95 billion, a P/E ratio of 36.41, a P/E/G ratio of 1.03 and a beta of 1.35. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $73.60. The stock has a 50 day moving average of $64.89 and a two-hundred day moving average of $67.20.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Buying and Selling
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 purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.
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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