Jag Capital Management LLC lifted its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,268 shares of the company's stock after purchasing an additional 70,041 shares during the period. US Foods accounts for approximately 2.3% of Jag Capital Management LLC's investment portfolio, making the stock its 15th biggest holding. Jag Capital Management LLC owned approximately 0.10% of US Foods worth $16,141,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new stake in shares of US Foods during the third quarter worth $31,000. Huntington National Bank increased its position in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company's stock worth $33,000 after acquiring an additional 409 shares during the period. Capital Performance Advisors LLP acquired a new stake in US Foods in the 3rd quarter worth about $34,000. R Squared Ltd bought a new stake in US Foods in the 4th quarter valued at about $34,000. Finally, First Horizon Advisors Inc. grew its position in shares of US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock worth $35,000 after purchasing an additional 202 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director David W. Bullock purchased 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.
US Foods Price Performance
USFD traded down $0.56 on Thursday, reaching $68.58. The stock had a trading volume of 338,386 shares, compared to its average volume of 1,816,388. The firm has a 50-day moving average of $69.52 and a 200-day moving average of $65.65. 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 market capitalization of $15.80 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.
US Foods (NYSE:USFD - Get Free Report) last posted its 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). 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 for the quarter, compared to the consensus estimate of $9.47 billion. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group lifted their price target on shares of US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, December 16th. UBS Group upped their target price on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Morgan Stanley raised their price target on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. 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 research report on Tuesday, February 18th. Finally, Melius Research upgraded shares of US Foods to a "strong-buy" rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $70.33.
Check Out Our Latest Report on US Foods
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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