JPMorgan Chase & Co. Increases Stock Position in US Foods Holding Corp. (NYSE:USFD)

JPMorgan Chase & Co. lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,304,310 shares of the company's stock after acquiring an additional 292,404 shares during the period. JPMorgan Chase & Co. owned 1.85% of US Foods worth $290,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of USFD. Boston Partners raised its holdings in shares of US Foods by 0.6% during the fourth quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after purchasing an additional 77,012 shares during the period. Wellington Management Group LLP raised its stake in US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company's stock worth $744,548,000 after buying an additional 2,435,357 shares during the period. State Street Corp boosted its holdings in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after acquiring an additional 316,061 shares in the last quarter. Geode Capital Management LLC boosted its holdings in US Foods by 6.5% in the third quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company's stock worth $244,401,000 after acquiring an additional 241,900 shares in the last quarter. Finally, Artisan Partners Limited Partnership acquired a new stake in US Foods in the fourth quarter valued at approximately $171,107,000. 98.76% of the stock is owned by institutional investors.

Remove Ads

Insider Activity at US Foods

In other news, Director David W. Bullock bought 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares of the company's stock, valued at $319,770. This represents a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

USFD has been the topic of a number of recent research reports. Piper Sandler increased 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 shares of US Foods in a research note on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price objective on the stock. Morgan Stanley boosted their target price on shares of US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Finally, UBS Group lifted their price target on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $71.09.

US Foods Stock Performance

NYSE:USFD traded up $0.52 during trading on Tuesday, reaching $65.98. The company's stock had a trading volume of 1,094,849 shares, compared to its average volume of 1,964,642. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The firm has a 50 day moving average of $68.56 and a 200-day moving average of $66.55. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly 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 company had revenue of $9.49 billion for 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%. Research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

US Foods Profile

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.