Quantessence Capital LLC purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,100 shares of the company's stock, valued at approximately $277,000.
Several other large investors have also recently made changes to their positions in USFD. GeoWealth Management LLC boosted its position in shares of US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after buying an additional 189 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after purchasing an additional 178 shares during the period. Legacy Investment Solutions LLC purchased a new stake in US Foods during the 4th quarter worth approximately $32,000. R Squared Ltd acquired a new stake in US Foods during the 4th quarter worth approximately $34,000. Finally, Smartleaf Asset Management LLC boosted its position in US Foods by 50.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock valued at $49,000 after buying an additional 243 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at US Foods
In related news, Director David W. Bullock bought 4,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by company insiders.
US Foods Stock Up 3.5 %
Shares of NYSE USFD opened at $63.29 on Wednesday. The business has a 50-day moving average price of $65.84 and a 200 day moving average price of $66.67. The stock has a market cap of $14.59 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $73.19.
US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.49 billion for the quarter, compared to analysts' expectations of $9.47 billion. Equities research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Piper Sandler increased their price objective on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Barclays lifted 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. StockNews.com lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. UBS Group lifted their price target on shares of US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Guggenheim reissued a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $71.83.
Read Our Latest Analysis on USFD
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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