Raymond James Financial Inc. purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 720,597 shares of the company's stock, valued at approximately $48,611,000. Raymond James Financial Inc. owned about 0.31% of US Foods as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of USFD. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 178 shares during the last quarter. R Squared Ltd acquired a new stake in US Foods in the 4th quarter valued at approximately $34,000. Smartleaf Asset Management LLC increased its holdings 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 purchasing an additional 243 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in US Foods by 38.5% during the fourth quarter. J.Safra Asset Management Corp now owns 806 shares of the company's stock worth $55,000 after purchasing an additional 224 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of US Foods by 112.2% during the fourth quarter. Versant Capital Management Inc now owns 855 shares of the company's stock worth $58,000 after buying an additional 452 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at US Foods
In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This trade 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 the SEC website. Insiders own 0.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. 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. Morgan Stanley raised their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Barclays increased their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Guggenheim restated a "buy" rating and issued a $80.00 price target on shares of US Foods in a research note on Monday. Finally, StockNews.com cut US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $71.83.
Read Our Latest Research Report on US Foods
US Foods Stock Up 1.1 %
USFD stock traded up $0.70 during midday trading on Friday, reaching $62.24. 1,442,751 shares of the company were exchanged, compared to its average volume of 1,979,376. The stock's 50-day simple moving average is $66.31 and its 200 day simple moving average is $66.62. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year 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 has a market cap of $14.35 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The company had revenue of $9.49 billion during the quarter, compared to analysts' expectations of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
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.
Further Reading
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
