Daiwa Securities Group Inc. acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,000 shares of the company's stock, valued at approximately $944,000.
Several other hedge funds have also recently bought and sold shares of the stock. Huntington National Bank raised its position in shares of US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company's stock valued at $33,000 after buying an additional 409 shares in the last quarter. R Squared Ltd acquired a new stake in shares of US Foods in the fourth quarter valued at approximately $34,000. First Horizon Advisors Inc. raised its position in shares of US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock valued at $35,000 after buying an additional 202 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of US Foods by 72.0% in the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company's stock valued at $40,000 after buying an additional 275 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of US Foods by 66,100.0% in the third quarter. Assetmark Inc. now owns 662 shares of the company's stock valued at $41,000 after buying an additional 661 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Barclays lifted their price objective on shares of US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Melius Research raised shares of US Foods to a "strong-buy" rating in a research note on Wednesday, December 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 price objective on the stock. Finally, Morgan Stanley lifted their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. One 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $70.33.
Read Our Latest Stock Report on USFD
US Foods Trading Up 0.1 %
Shares of US Foods stock traded up $0.06 during trading on Wednesday, hitting $65.05. The company's stock had a trading volume of 3,175,725 shares, compared to its average volume of 1,860,769. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The stock has a 50-day moving average price of $69.07 and a two-hundred day moving average price of $66.12.
US Foods (NYSE:USFD - Get Free Report) last issued 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 business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Activity at US Foods
In related news, Director David W. Bullock acquired 4,000 shares of the business'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 transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.
US Foods Company 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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