Longbow Finance SA Purchases New Stake in US Foods Holding Corp. (NYSE:USFD)

Longbow Finance SA purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 133,432 shares of the company's stock, valued at approximately $9,001,000. Longbow Finance SA owned approximately 0.06% of US Foods as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in US Foods during the third quarter valued at about $31,000. R Squared Ltd acquired a new position in shares of US Foods during the 4th quarter valued at about $34,000. Huntington National Bank raised its stake in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company's stock valued at $33,000 after acquiring an additional 409 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in US Foods in the 3rd quarter worth approximately $34,000. Finally, First Horizon Advisors Inc. boosted its position in US Foods by 54.2% during the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock worth $35,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Piper Sandler lifted their target price 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. Truist Financial boosted their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Melius assumed coverage on US Foods in a research report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price target on the stock. Finally, Barclays boosted their price objective on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $70.33.

US Foods Price Performance

Shares of US Foods stock traded up $1.48 during midday trading on Friday, hitting $71.72. 1,970,035 shares of the company were exchanged, compared to its average volume of 2,145,593. The firm has a 50 day simple moving average of $69.39 and a 200-day simple moving average of $65.18. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The firm has a market cap of $16.52 billion, a P/E ratio of 35.51, a PEG ratio of 1.03 and a beta of 1.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71.

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 the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. Research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Transactions at US Foods

In other US Foods news, Director David W. Bullock bought 4,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price 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 of the company's stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company's stock.

US Foods Company 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.