Chase Investment Counsel Corp purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 50,454 shares of the company's stock, valued at approximately $3,403,000.
Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of US Foods during the third quarter worth $31,000. Huntington National Bank increased its stake in US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company's stock worth $33,000 after buying an additional 409 shares during the period. Capital Performance Advisors LLP purchased a new position in US Foods in the 3rd quarter worth about $34,000. R Squared Ltd bought a new stake in US Foods during the 4th quarter valued at about $34,000. Finally, First Horizon Advisors Inc. boosted its position in US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock valued at $35,000 after buying an additional 202 shares during the period. 98.76% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on USFD. Melius assumed coverage on shares of US Foods in a research report on Wednesday, December 18th. They set a "buy" rating and a $12.00 target price on the stock. Jefferies Financial Group raised their price objective on US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Morgan Stanley lifted their target price on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. 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. Finally, Piper Sandler lifted their price objective on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $70.33.
Check Out Our Latest Analysis on US Foods
Insider Transactions at US Foods
In related news, Director David W. Bullock acquired 4,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now directly owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company's stock.
US Foods Stock Up 1.4 %
US Foods stock traded up $0.95 during trading hours on Wednesday, reaching $69.21. The stock had a trading volume of 2,269,806 shares, compared to its average volume of 1,819,934. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The company has a market cap of $15.94 billion, a price-to-earnings ratio of 34.26, 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. The business's 50 day moving average price is $69.51 and its 200-day moving average price is $65.62.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion for the quarter, compared to analysts' expectations of $9.47 billion. Sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.
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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