Hillsdale Investment Management Inc. purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,240 shares of the company's stock, valued at approximately $758,000.
A number of other large investors have also modified their holdings of USFD. Retirement Systems of Alabama boosted its stake in US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock valued at $21,462,000 after purchasing an additional 17,897 shares in the last quarter. State Street Corp boosted its stake in US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after buying an additional 316,061 shares in the last quarter. Longbow Finance SA bought a new stake in US Foods in the fourth quarter worth about $9,001,000. Dynamic Technology Lab Private Ltd bought a new position in shares of US Foods during the 3rd quarter valued at about $1,141,000. Finally, Verition Fund Management LLC boosted its position in shares of US Foods by 14.6% during the 3rd quarter. Verition Fund Management LLC now owns 885,606 shares of the company's stock valued at $54,465,000 after purchasing an additional 112,701 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
Analysts Set New Price Targets
Several analysts recently commented on USFD shares. UBS Group increased their target price on shares of US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Melius Research upgraded US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. Piper Sandler lifted their target price on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Melius began coverage on US Foods in a research report on Wednesday, December 18th. They set a "buy" rating and a $12.00 target price on the stock. Finally, Morgan Stanley lifted their price target on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, US Foods presently has a consensus rating of "Buy" and an average target price of $71.09.
Get Our Latest Analysis on US Foods
Insider Buying and Selling at US Foods
In other news, Director David W. Bullock bought 4,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company's stock.
US Foods Stock Down 0.5 %
NYSE:USFD traded down $0.33 during trading hours on Thursday, hitting $65.28. 1,273,588 shares of the company's stock traded hands, compared to its average volume of 1,895,044. The firm has a market cap of $15.04 billion, a P/E ratio of 32.32, a P/E/G ratio of 1.03 and a beta of 1.65. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The stock's fifty day moving average price is $68.75 and its two-hundred day moving average price is $66.34.
US Foods (NYSE:USFD - Get Free Report) last released its earnings results 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). The business had revenue of $9.49 billion for the quarter, compared to analysts' expectations of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
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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