Primecap Management Co. CA Increases Stake in US Foods Holding Corp. (NYSE:USFD)

Primecap Management Co. CA grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 129.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 659,021 shares of the company's stock after acquiring an additional 371,613 shares during the period. Primecap Management Co. CA owned about 0.28% of US Foods worth $44,458,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares during the last quarter. Huntington National Bank increased its position in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company's stock worth $33,000 after buying an additional 409 shares during the period. R Squared Ltd acquired a new stake in shares of US Foods during the fourth quarter worth $34,000. First Horizon Advisors Inc. increased its position in shares of 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 buying an additional 202 shares during the period. Finally, Assetmark Inc. increased its position in shares of US Foods by 66,100.0% during the third quarter. Assetmark Inc. now owns 662 shares of the company's stock worth $41,000 after buying an additional 661 shares during the period. Institutional investors own 98.76% of the company's stock.

Insider Transactions at US Foods

In other US Foods news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, with a total value of $284,240.00. Following 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several research firms have recently weighed in on USFD. Barclays increased their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. StockNews.com cut shares of US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Truist Financial raised their price target on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Melius started coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price target for the company. Finally, Morgan Stanley raised their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $71.09.

US Foods Price Performance

USFD stock traded up $0.98 during midday trading on Friday, reaching $64.36. The company had a trading volume of 5,589,674 shares, compared to its average volume of 1,889,290. 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 Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The company has a market capitalization of $14.83 billion, a P/E ratio of 31.86, a P/E/G ratio of 1.03 and a beta of 1.65. The firm has a 50-day moving average price of $68.85 and a 200-day moving average price of $66.13.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

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.