Intrust Bank NA bought a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,599 shares of the company's stock, valued at approximately $310,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Cerity Partners LLC raised its stake in US Foods by 79.3% in the 3rd quarter. Cerity Partners LLC now owns 33,735 shares of the company's stock valued at $2,075,000 after purchasing an additional 14,920 shares during the last quarter. Bank of Montreal Can raised its position in shares of US Foods by 0.3% in the third 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 lifted its stake 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 worth $11,650,000 after buying an additional 3,836 shares in the last quarter. BNP Paribas Financial Markets boosted its position in US Foods by 2,338.8% during the third quarter. BNP Paribas Financial Markets now owns 233,806 shares of the company's stock worth $14,379,000 after acquiring an additional 224,219 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new stake in US Foods during the 3rd quarter valued at about $2,632,000. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Trading Down 5.0 %
Shares of USFD stock traded down $3.22 during trading hours on Friday, hitting $61.80. The company had a trading volume of 3,361,588 shares, compared to its average volume of 1,964,117. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week 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 company's fifty day moving average is $68.23 and its 200 day moving average is $66.59. The stock has a market capitalization of $14.24 billion, a PE 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 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to analysts' expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Analysts Set New Price Targets
USFD has been the topic of several recent research reports. Barclays boosted their target price on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Truist Financial boosted their price objective on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Melius began coverage on US Foods in a report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 target price for the company. Piper Sandler lifted their price target on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $71.09.
Check Out Our Latest Analysis on USFD
Insiders Place Their Bets
In related 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 purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company's stock.
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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