Bridgewater Associates LP lifted its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 39.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,748 shares of the company's stock after buying an additional 17,074 shares during the quarter. Bridgewater Associates LP's holdings in US Foods were worth $4,098,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Stifel Financial Corp lifted its stake in shares of US Foods by 38.4% in the third quarter. Stifel Financial Corp now owns 13,457 shares of the company's stock valued at $828,000 after buying an additional 3,734 shares during the period. MML Investors Services LLC acquired a new stake in US Foods during the third quarter worth about $508,000. SkyView Investment Advisors LLC grew its position in US Foods by 2.1% during the third quarter. SkyView Investment Advisors LLC now owns 18,979 shares of the company's stock worth $1,167,000 after buying an additional 382 shares in the last quarter. Sanctuary Advisors LLC grew its position in US Foods by 107.8% during the third quarter. Sanctuary Advisors LLC now owns 14,283 shares of the company's stock worth $878,000 after buying an additional 7,409 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in US Foods during the third quarter worth about $83,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
US Foods Price Performance
Shares of NYSE:USFD traded up $1.34 during trading on Wednesday, reaching $64.61. The stock had a trading volume of 334,488 shares, compared to its average volume of 2,254,551. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $73.19. The business's 50-day moving average price is $65.84 and its 200 day moving average price is $66.67. 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 stock has a market capitalization of $14.89 billion, a PE ratio of 31.99, a P/E/G ratio of 1.03 and a beta of 1.38.
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 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 company had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. As a group, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Insider Buying and Selling
In other US Foods news, Director David W. Bullock bought 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased 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 approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms recently weighed in on USFD. UBS Group lifted their target price on US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Piper Sandler lifted their target price on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Guggenheim restated a "buy" rating and set a $80.00 price target on shares of US Foods in a research note on Monday, April 14th. Barclays raised their price target on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, StockNews.com cut shares of US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $71.83.
Get Our Latest Stock Report on USFD
US Foods Profile
(
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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