Cannon Global Investment Management LLC bought a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the company's stock, valued at approximately $675,000. US Foods accounts for 1.5% of Cannon Global Investment Management LLC's holdings, making the stock its 21st biggest holding.
A number of other institutional investors and hedge funds have also modified their holdings of USFD. EverSource Wealth Advisors LLC grew its stake 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 valued at $32,000 after buying an additional 178 shares during the period. R Squared Ltd purchased a new position in shares of US Foods in the 4th quarter worth about $34,000. First Horizon Advisors Inc. lifted its stake in shares of US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock valued at $35,000 after purchasing an additional 202 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in US Foods by 50.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock valued at $49,000 after buying an additional 243 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its position in US Foods by 38.5% during the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company's stock worth $55,000 after purchasing an additional 224 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on USFD. Piper Sandler raised their price target on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. 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. Melius Research upgraded US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. UBS Group raised their price objective on US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Truist Financial increased their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One 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. According to data from MarketBeat.com, US Foods currently has an average rating of "Buy" and a consensus target price of $71.09.
Get Our Latest Report on US Foods
Insider Buying and Selling at US Foods
In other news, Director David W. Bullock bought 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares of the company's stock, valued at $319,770. This represents a 800.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
US Foods Stock Performance
NYSE USFD traded down $1.11 on Friday, hitting $64.17. The stock had a trading volume of 148,341 shares, compared to its average volume of 1,892,452. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The company's 50-day moving average is $68.70 and its two-hundred day moving average is $66.33. The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 31.80, a P/E/G 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 announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
US Foods Company 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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