Norges Bank purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,132,223 shares of the company's stock, valued at approximately $211,300,000. Norges Bank owned approximately 1.34% of US Foods as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC grew its position in US Foods by 79.3% in the third quarter. Cerity Partners LLC now owns 33,735 shares of the company's stock valued at $2,075,000 after purchasing an additional 14,920 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of US Foods by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company's stock valued at $4,022,000 after acquiring an additional 171 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of US Foods by 2.1% in the third quarter. The Manufacturers Life Insurance Company now owns 189,424 shares of the company's stock valued at $11,650,000 after acquiring an additional 3,836 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in US Foods by 2,338.8% during the third quarter. BNP Paribas Financial Markets now owns 233,806 shares of the company's stock worth $14,379,000 after acquiring an additional 224,219 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new position in US Foods during the third quarter valued at approximately $2,632,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
US Foods Stock Performance
USFD traded up $0.52 on Tuesday, reaching $65.98. The company had a trading volume of 1,094,849 shares, compared to its average volume of 1,964,642. The stock has a market cap of $15.20 billion, a P/E ratio of 32.66, a P/E/G ratio of 1.03 and a beta of 1.65. 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 Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19. The company's fifty day moving average is $68.56 and its 200 day moving average is $66.55.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. As a group, analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other US Foods news, Director David W. Bullock acquired 4,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now directly owns 4,500 shares of the company's stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on USFD. StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Piper Sandler upped their price target 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. Morgan Stanley increased their price target on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Melius started coverage on shares of US Foods in a research note on Wednesday, December 18th. They set a "buy" rating and a $12.00 price objective on the stock. Finally, UBS Group upped their target price on shares of US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $71.09.
Get Our Latest 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.
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