Avantax Advisory Services Inc. raised its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 121.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,131 shares of the company's stock after buying an additional 6,108 shares during the quarter. Avantax Advisory Services Inc.'s holdings in US Foods were worth $751,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after buying an additional 178 shares during the last quarter. HighTower Advisors LLC increased its stake in US Foods by 3.3% during the fourth quarter. HighTower Advisors LLC now owns 24,188 shares of the company's stock worth $1,632,000 after acquiring an additional 769 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in US Foods in the fourth quarter valued at $1,647,000. Daiwa Securities Group Inc. acquired a new position in shares of US Foods in the 4th quarter valued at $944,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of US Foods by 20.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,317 shares of the company's stock worth $4,136,000 after purchasing an additional 10,502 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.
US Foods Stock Up 1.9 %
Shares of USFD traded up $1.23 during midday trading on Monday, hitting $65.64. The company had a trading volume of 1,724,316 shares, compared to its average volume of 1,892,407. The company's 50-day simple moving average is $68.85 and its 200-day simple moving average is $66.23. 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 1 year low of $49.65 and a 1 year high of $73.19. The firm 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 results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. As a group, sell-side analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Morgan Stanley upped their target price on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Jefferies Financial Group upped their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Melius assumed coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 target price for the company. Truist Financial upped 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 equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $71.09.
Check Out Our Latest Research Report on USFD
Insiders Place Their Bets
In other news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost 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 approximately $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 SEC, which is accessible through this link. 0.70% of the stock is owned by company insiders.
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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