Magnetar Financial LLC bought a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,764 shares of the company's stock, valued at approximately $659,000.
Other institutional investors have also recently made changes to their positions in the company. Legacy Wealth Asset Management LLC raised its holdings in shares of US Foods by 4.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock worth $279,000 after buying an additional 160 shares during the period. Arizona State Retirement System grew its stake in US Foods by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock worth $4,549,000 after purchasing an additional 170 shares in the last quarter. Bank of Montreal Can increased its holdings in US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company's stock worth $4,022,000 after purchasing an additional 171 shares during the period. EverSource Wealth Advisors LLC raised its position in US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after purchasing an additional 178 shares in the last quarter. Finally, Vestcor Inc lifted its holdings in shares of US Foods by 1.0% in the 4th quarter. Vestcor Inc now owns 20,200 shares of the company's stock worth $1,363,000 after buying an additional 195 shares during the period. Institutional investors own 98.76% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on USFD shares. Truist Financial raised their price target on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. StockNews.com downgraded shares of US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday. UBS Group upped their price target on shares of US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Melius Research raised shares of US Foods to a "strong-buy" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned 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 $71.09.
Get Our Latest Stock Analysis on US Foods
Insiders Place Their Bets
In other news, Director David W. Bullock acquired 4,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were acquired 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 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 this link. Corporate insiders own 0.70% of the company's stock.
US Foods Stock Up 0.7 %
NYSE:USFD traded up $0.43 during mid-day trading on Wednesday, hitting $65.63. 1,529,144 shares of the company's stock traded hands, compared to its average volume of 1,893,640. The company has a fifty day moving average of $68.80 and a 200 day moving average of $66.34. 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 Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The company has a market capitalization of $15.12 billion, a P/E ratio of 32.49, a P/E/G ratio of 1.03 and a beta of 1.65.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $9.49 billion for 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%. On average, analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
US Foods 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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