Proficio Capital Partners LLC acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 68,944 shares of the company's stock, valued at approximately $4,651,000.
Several other hedge funds have also recently added to or reduced their stakes in USFD. International Assets Investment Management LLC raised its stake in US Foods by 2,853.8% in the 3rd quarter. International Assets Investment Management LLC now owns 16,482 shares of the company's stock valued at $1,014,000 after purchasing an additional 15,924 shares during the last quarter. US Bancorp DE raised its stake in US Foods by 217.6% in the 3rd quarter. US Bancorp DE now owns 30,404 shares of the company's stock valued at $1,870,000 after purchasing an additional 20,831 shares during the last quarter. Stephens Inc. AR grew its holdings in US Foods by 12.5% in the 3rd quarter. Stephens Inc. AR now owns 6,017 shares of the company's stock valued at $370,000 after buying an additional 669 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in US Foods by 4.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 17,940 shares of the company's stock valued at $1,103,000 after buying an additional 692 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in US Foods by 7.1% in the 3rd quarter. QRG Capital Management Inc. now owns 24,438 shares of the company's stock valued at $1,503,000 after buying an additional 1,619 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.
US Foods Trading Down 1.8 %
US Foods stock traded down $1.17 during midday trading on Friday, reaching $65.64. 3,997,206 shares of the stock traded hands, compared to its average volume of 1,831,011. The company has a 50-day simple moving average of $69.43 and a two-hundred day simple moving average of $65.71. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19. The firm has a market cap of $15.12 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. 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 (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion for the quarter, compared to analysts' expectations of $9.47 billion. Research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Analyst Ratings Changes
USFD has been the subject of several analyst reports. Morgan Stanley upped their target price on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Melius initiated coverage on US Foods in a report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 target price for the company. JPMorgan Chase & Co. upped their target price on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Melius Research upgraded US Foods to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, Truist Financial upped 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. One research 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 stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $70.33.
Check Out Our Latest Research Report on US Foods
Insider Activity at US Foods
In related news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction on Tuesday, February 18th. The shares were bought at an average price 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 approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.
About US Foods
(
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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