Global Endowment Management LP purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,759 shares of the company's stock, valued at approximately $793,000.
A number of other institutional investors have also modified their holdings of USFD. EverSource Wealth Advisors LLC increased its stake in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares during the period. Legacy Investment Solutions LLC acquired a new stake in US Foods during the 4th quarter valued at $32,000. R Squared Ltd purchased a new stake in US Foods in the 4th quarter worth about $34,000. Smartleaf Asset Management LLC boosted its holdings in shares of US Foods by 50.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock worth $49,000 after purchasing an additional 243 shares during the period. Finally, J.Safra Asset Management Corp boosted its stake in shares of US Foods by 38.5% during the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company's stock valued at $55,000 after buying an additional 224 shares during the period. Institutional investors own 98.76% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Guggenheim reiterated a "buy" rating and issued a $80.00 target price on shares of US Foods in a research note on Monday, April 14th. 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. Piper Sandler upped their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Barclays raised their target price on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, StockNews.com downgraded 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, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods presently has an average rating of "Buy" and a consensus price target of $71.83.
View Our Latest Stock Analysis on USFD
Insider Activity at US Foods
In other news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.
US Foods Stock Performance
Shares of NYSE USFD traded up $0.70 during mid-day trading on Friday, hitting $62.24. The company had a trading volume of 1,442,751 shares, compared to its average volume of 1,983,893. US Foods Holding Corp. has a 12 month low of $49.91 and a 12 month high of $73.19. 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 firm has a market cap of $14.35 billion, a P/E ratio of 30.81, a PEG ratio of 1.03 and a beta of 1.38. The business's 50-day simple moving average is $66.16 and its 200-day simple moving average is $66.62.
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 the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. As a group, analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
About US Foods
(
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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