Diametric Capital LP acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,553 shares of the company's stock, valued at approximately $375,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of USFD. Bank of Montreal Can grew its holdings in US Foods by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company's stock valued at $4,022,000 after buying an additional 171 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of US Foods by 2.1% in the third quarter. The Manufacturers Life Insurance Company now owns 189,424 shares of the company's stock valued at $11,650,000 after acquiring an additional 3,836 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of US Foods by 1.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,815 shares of the company's stock worth $3,125,000 after acquiring an additional 549 shares during the last quarter. Public Sector Pension Investment Board increased its position in US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company's stock worth $369,000 after acquiring an additional 2,500,000 shares during the period. Finally, Benjamin Edwards Inc. acquired a new position in US Foods during the 3rd quarter valued at $328,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have issued reports on USFD. Truist Financial raised their price target on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Barclays boosted their price target on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Melius initiated coverage on US Foods in a research report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price objective for the company. Melius Research raised US Foods to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, US Foods has an average rating of "Buy" and a consensus target price of $71.09.
View Our Latest Stock Analysis on USFD
US Foods Price Performance
Shares of US Foods stock traded down $3.22 during mid-day trading on Friday, reaching $61.80. 3,361,588 shares of the stock were exchanged, compared to its average volume of 1,962,604. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19. The firm has a 50-day simple moving average of $68.23 and a 200 day simple moving average of $66.63. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The company has a market cap of $14.24 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share 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 net margin of 1.30% and a return on equity of 15.03%. On average, sell-side analysts predict 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 purchased 4,000 shares of the 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 acquisition, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.
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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