Arrowstreet Capital Limited Partnership Has $43.15 Million Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Arrowstreet Capital Limited Partnership increased its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 307.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 639,558 shares of the company's stock after buying an additional 482,461 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.27% of US Foods worth $43,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after purchasing an additional 178 shares during the period. R Squared Ltd bought a new stake in US Foods in the 4th quarter valued at $34,000. Smartleaf Asset Management LLC increased its holdings in US Foods by 50.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock valued at $49,000 after buying an additional 243 shares during the period. J.Safra Asset Management Corp raised its stake in shares of US Foods by 38.5% in the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company's stock valued at $55,000 after buying an additional 224 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of US Foods by 112.2% during the 4th quarter. Versant Capital Management Inc now owns 855 shares of the company's stock worth $58,000 after acquiring an additional 452 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

Several research firms recently issued reports on USFD. Melius Research raised shares of US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. Morgan Stanley increased their target price on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Jefferies Financial Group boosted their price target on US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Piper Sandler increased their price objective on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Melius assumed coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a "buy" rating and a $12.00 target price 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, the stock presently has an average rating of "Buy" and an average target price of $71.09.

US Foods Price Performance

Shares of USFD stock traded down $3.22 during trading hours on Friday, reaching $61.80. 3,361,588 shares of the company were exchanged, compared to its average volume of 1,962,604. 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 company has a market cap of $14.24 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 1.03 and a beta of 1.38. The stock's fifty day moving average is $68.23 and its two-hundred day moving average is $66.63. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion during 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%. Sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock bought 4,000 shares of the company's stock in a transaction 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 transaction, the director now owns 4,500 shares of the company's stock, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company's stock.

US Foods Company Profile

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.