Pinebridge Investments L.P. lifted its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 42.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,345 shares of the company's stock after acquiring an additional 21,344 shares during the quarter. Pinebridge Investments L.P.'s holdings in US Foods were worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also modified their holdings of the company. GeoWealth Management LLC grew its position in shares of US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 acquired a new stake in shares of US Foods in the fourth quarter valued at about $32,000. R Squared Ltd bought a new stake in shares of US Foods during the fourth quarter valued at approximately $34,000. Finally, Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 243 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on USFD. StockNews.com cut US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Morgan Stanley boosted their price objective on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. UBS Group raised their price target on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a report on Friday, February 14th. Barclays raised 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. Finally, Guggenheim restated a "buy" rating and set a $80.00 target price on shares of US Foods in a report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $71.83.
Check Out Our Latest Report on USFD
US Foods Stock Performance
Shares of NYSE:USFD traded up $0.74 on Thursday, hitting $66.40. The company had a trading volume of 304,972 shares, compared to its average volume of 1,978,198. 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 50 day moving average price of $65.17 and a 200 day moving average price of $66.80. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $73.19. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 32.85, a P/E/G ratio of 1.03 and a beta of 1.38.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. Analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.
Insiders Place Their Bets
In other news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost 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 of the company's stock, valued at approximately $319,770. This represents a 800.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company's stock.
US Foods Profile
(
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.
Further Reading
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
