Prudential Financial Inc. boosted its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 56.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 636,900 shares of the company's stock after acquiring an additional 230,812 shares during the quarter. Prudential Financial Inc. owned about 0.27% of US Foods worth $42,965,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of USFD. Sheets Smith Investment Management acquired a new stake in shares of US Foods during the fourth quarter worth $1,375,000. United Services Automobile Association lifted its stake in shares of US Foods by 5.8% in the 4th quarter. United Services Automobile Association now owns 15,909 shares of the company's stock worth $1,073,000 after acquiring an additional 867 shares during the period. Cannon Global Investment Management LLC purchased a new stake in shares of US Foods in the fourth quarter valued at about $675,000. LPL Financial LLC boosted its holdings in shares of US Foods by 12.1% in the fourth quarter. LPL Financial LLC now owns 108,598 shares of the company's stock valued at $7,326,000 after acquiring an additional 11,735 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of US Foods during the fourth quarter worth about $3,218,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at US Foods
In other news, Director David W. Bullock bought 4,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares of the company's stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.70% of the company's stock.
US Foods Trading Down 1.2 %
NYSE USFD traded down $0.79 during mid-day trading on Friday, reaching $64.49. 1,929,851 shares of the stock were exchanged, compared to its average volume of 1,969,979. The stock has a market capitalization of $14.86 billion, a PE ratio of 31.92, a PEG 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 1-year low of $49.65 and a 1-year high of $73.19. The business's fifty day simple moving average is $68.62 and its 200 day simple moving average is $66.50.
US Foods (NYSE:USFD - Get Free Report) last released 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 return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. On average, research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on USFD shares. Melius Research upgraded shares of US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. StockNews.com cut US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Piper Sandler upped their price objective on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Truist Financial raised 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, Jefferies Financial Group boosted 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. 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. According to data from MarketBeat.com, US Foods currently has a consensus rating of "Buy" and an average target price of $71.09.
Read Our Latest Stock Analysis on US Foods
US Foods Company 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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