NewEdge Wealth LLC cut its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 35.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,689 shares of the company's stock after selling 12,426 shares during the period. NewEdge Wealth LLC's holdings in US Foods were worth $1,531,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in US Foods in the third quarter valued at approximately $31,000. Huntington National Bank lifted its stake in US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company's stock valued at $33,000 after buying an additional 409 shares during the period. Capital Performance Advisors LLP acquired a new position in US Foods in the third quarter valued at approximately $34,000. R Squared Ltd acquired a new position in US Foods in the fourth quarter valued at approximately $34,000. Finally, First Horizon Advisors Inc. lifted its stake in US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock valued at $35,000 after buying an additional 202 shares during the period. 98.76% of the stock is currently owned by institutional investors.
US Foods Trading Up 1.4 %
USFD stock traded up $0.95 during midday trading on Wednesday, hitting $69.21. The company had a trading volume of 2,269,806 shares, compared to its average volume of 1,822,717. 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 Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The stock's 50 day moving average price is $69.51 and its 200 day moving average price is $65.62. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.03 and a beta of 1.65.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.49 billion for the quarter, compared to analysts' expectations of $9.47 billion. As a group, equities research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director David W. Bullock bought 4,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares of the company's stock, valued at $319,770. The trade was a 800.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company's stock.
Analyst Ratings Changes
Several equities analysts have issued reports on USFD shares. Melius started coverage on US Foods in a research note on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price target on the stock. Barclays upped their price objective on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Melius Research upgraded US Foods to a "strong-buy" rating in a research note on Wednesday, December 18th. Truist Financial lifted their target price on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. 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 report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $70.33.
Read Our Latest Research Report on US Foods
US Foods 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.
Further Reading
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
