VeriStar Capital Management LP purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 40,320 shares of the company's stock, valued at approximately $2,720,000. US Foods accounts for 4.6% of VeriStar Capital Management LP's holdings, making the stock its 11th largest position.
Several other hedge funds and other institutional investors have also recently modified their holdings of USFD. Retirement Systems of Alabama increased its stake in US Foods by 5.4% in the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock worth $21,462,000 after acquiring an additional 17,897 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of US Foods during the fourth quarter worth about $357,000. Longbow Finance SA bought a new position in shares of US Foods in the fourth quarter worth approximately $9,001,000. Avantax Advisory Services Inc. raised its stake in US Foods by 121.6% in the fourth 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. Finally, Merit Financial Group LLC bought a new stake in US Foods during the fourth quarter valued at approximately $413,000. 98.76% of the stock is currently owned by institutional investors.
US Foods Stock Up 1.5 %
US Foods stock traded up $0.96 on Thursday, hitting $66.62. 417,264 shares of the stock traded hands, compared to its average volume of 2,202,565. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $73.19. The firm has a market cap of $15.36 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. 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 business's fifty day simple moving average is $65.17 and its 200 day simple moving average is $66.80.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Insider Buying and Selling at US Foods
In other news, Director David W. Bullock purchased 4,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on USFD. UBS Group raised their price objective on shares of US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Truist Financial lifted their price target on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Guggenheim reiterated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, April 14th. StockNews.com downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Morgan Stanley lifted their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $71.83.
Check Out Our Latest Stock Report on US Foods
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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