KLP Kapitalforvaltning AS bought a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 47,700 shares of the company's stock, valued at approximately $3,218,000.
A number of other hedge funds have also recently made changes to their positions in USFD. Hillsdale Investment Management Inc. acquired a new stake in US Foods during the 4th quarter worth approximately $758,000. Sei Investments Co. lifted its holdings in shares of US Foods by 52.3% during the fourth quarter. Sei Investments Co. now owns 471,717 shares of the company's stock worth $31,822,000 after purchasing an additional 161,887 shares during the period. Quantbot Technologies LP bought a new stake in shares of US Foods in the fourth quarter worth $1,002,000. TD Private Client Wealth LLC increased its holdings in US Foods by 9.1% in the fourth quarter. TD Private Client Wealth LLC now owns 13,403 shares of the company's stock valued at $904,000 after purchasing an additional 1,121 shares during the period. Finally, iA Global Asset Management Inc. raised its position in US Foods by 11.8% during the 4th quarter. iA Global Asset Management Inc. now owns 5,540 shares of the company's stock worth $374,000 after purchasing an additional 586 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.
US Foods Stock Down 1.2 %
Shares of NYSE USFD traded down $0.79 during trading on Friday, hitting $64.49. The stock had a trading volume of 1,929,851 shares, compared to its average volume of 1,969,979. The firm has a fifty day moving average of $68.62 and a two-hundred day moving average of $66.50. The company has a market capitalization of $14.86 billion, a PE ratio of 31.92, a PEG ratio of 1.03 and a beta of 1.65. 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 $49.65 and a 12 month high of $73.19.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. As a group, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. StockNews.com downgraded shares of US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Truist Financial boosted their price target on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Finally, Melius began coverage on shares of US Foods in a research report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price target on the stock. 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, US Foods currently has a consensus rating of "Buy" and an average price target of $71.09.
Read Our Latest Stock Report on USFD
Insider Activity at US Foods
In related news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by company insiders.
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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