Raymond James Financial Inc. Invests $48.61 Million in US Foods Holding Corp. (NYSE:USFD)

Raymond James Financial Inc. bought a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 720,597 shares of the company's stock, valued at approximately $48,611,000. Raymond James Financial Inc. owned approximately 0.31% of US Foods as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Retirement Systems of Alabama lifted its holdings in US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock worth $21,462,000 after buying an additional 17,897 shares in the last quarter. State Street Corp grew its position in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after buying an additional 316,061 shares during the last quarter. Longbow Finance SA purchased a new position in US Foods during the 4th quarter worth $9,001,000. Oppenheimer Asset Management Inc. grew its position in US Foods by 121.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company's stock worth $3,164,000 after purchasing an additional 28,232 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in US Foods during the 3rd quarter worth $1,141,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

USFD has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Melius assumed coverage on shares of US Foods in a report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price target for the company. UBS Group boosted 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. Truist Financial boosted their target price on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Melius Research raised shares of US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, US Foods presently has an average rating of "Buy" and a consensus price target of $70.33.

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US Foods Stock Up 2.0 %

Shares of NYSE:USFD opened at $64.89 on Wednesday. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The company's fifty day moving average is $69.30 and its 200-day moving average is $65.90. The company has a market capitalization of $14.95 billion, a PE ratio of 32.12, a P/E/G ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly 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). The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. Equities research 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 news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, for a total transaction 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 represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company's stock.

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.

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