LPL Financial LLC increased its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,598 shares of the company's stock after acquiring an additional 11,735 shares during the period. LPL Financial LLC's holdings in US Foods were worth $7,326,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares in the last quarter. R Squared Ltd acquired a new stake in US Foods during the 4th quarter valued at $34,000. Smartleaf Asset Management LLC boosted its position in shares of US Foods by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock worth $49,000 after buying an additional 243 shares during the period. J.Safra Asset Management Corp boosted its position in shares of US Foods by 38.5% in the fourth quarter. J.Safra Asset Management Corp now owns 806 shares of the company's stock worth $55,000 after buying an additional 224 shares during the period. Finally, Versant Capital Management Inc grew its holdings in shares of US Foods by 112.2% during the fourth quarter. Versant Capital Management Inc now owns 855 shares of the company's stock valued at $58,000 after buying an additional 452 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.
Insider Activity at US Foods
In other US Foods 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 price of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now directly 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Melius initiated coverage on shares of US Foods in a research report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price target for the company. Morgan Stanley boosted their price objective 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. Jefferies Financial Group increased their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, Piper Sandler boosted their price target on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $71.09.
Read Our Latest Analysis on USFD
US Foods Stock Down 0.1 %
Shares of USFD traded down $0.09 during trading hours on Friday, hitting $62.53. 3,766,855 shares of the company were exchanged, compared to its average volume of 1,982,449. 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 company has a market cap of $14.41 billion, a PE ratio of 30.96, a PEG ratio of 1.03 and a beta of 1.38. The firm's 50 day moving average is $66.97 and its 200-day moving average is $66.62. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19.
US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) 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 company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
US Foods Profile
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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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