Proficio Capital Partners LLC purchased a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 68,944 shares of the company's stock, valued at approximately $4,651,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Public Sector Pension Investment Board boosted its holdings in shares of US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company's stock worth $369,000 after purchasing an additional 2,500,000 shares during the period. Wellington Management Group LLP raised its position in US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company's stock valued at $744,548,000 after purchasing an additional 2,435,357 shares during the last quarter. State Street Corp lifted its holdings in US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after buying an additional 316,061 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of US Foods by 4.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company's stock worth $420,781,000 after buying an additional 291,016 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of US Foods by 6.5% during the third quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company's stock valued at $244,401,000 after buying an additional 241,900 shares during the period. Institutional investors own 98.76% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on USFD shares. Truist Financial lifted their price target on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. UBS Group lifted their target price on shares of US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Melius Research raised shares of US Foods to a "strong-buy" rating in a research note on Wednesday, December 18th. Melius began coverage on US Foods in a research report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price objective on the stock. Finally, StockNews.com cut US Foods from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 13th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $71.09.
Check Out Our Latest Analysis on USFD
US Foods Stock Up 1.5 %
Shares of USFD traded up $0.98 during trading hours on Friday, hitting $64.36. The company had a trading volume of 5,557,161 shares, compared to its average volume of 1,886,175. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The firm has a fifty day moving average price of $68.91 and a 200-day moving average price of $66.09. The stock has a market capitalization of $14.83 billion, a price-to-earnings ratio of 31.86, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Activity
In related news, Director David W. Bullock acquired 4,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now directly owns 4,500 shares of the company's stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company's stock.
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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