Aigen Investment Management LP acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,966 shares of the company's stock, valued at approximately $1,145,000.
A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP boosted 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 worth $744,548,000 after acquiring an additional 2,435,357 shares during the period. State Street Corp boosted its position in US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after acquiring an additional 316,061 shares during the period. Massachusetts Financial Services Co. MA boosted its position in US Foods by 4.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company's stock worth $420,781,000 after acquiring an additional 291,016 shares during the period. Geode Capital Management LLC boosted its position in US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company's stock worth $244,401,000 after acquiring an additional 241,900 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of US Foods by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company's stock worth $105,342,000 after purchasing an additional 109,488 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director David W. Bullock acquired 4,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now owns 4,500 shares of the company's stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on USFD shares. UBS Group raised their price target on US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Piper Sandler raised their price target on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Barclays raised their price target on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Truist Financial raised 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. Finally, Melius Research raised US Foods to a "strong-buy" rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $70.33.
Get Our Latest Stock Report on USFD
US Foods Stock Performance
Shares of USFD stock traded down $1.17 during trading on Friday, reaching $65.64. The company had a trading volume of 3,997,206 shares, compared to its average volume of 1,830,726. 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 firm's 50 day simple moving average is $69.43 and its two-hundred day simple moving average is $65.77. The company has a market capitalization of $15.12 billion, a PE ratio of 32.49, a PEG ratio of 1.03 and a beta of 1.65. US Foods Holding Corp. has a one year low of $49.65 and a one year high of $73.19.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share 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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