Renaissance Technologies LLC Buys 432,200 Shares of US Foods Holding Corp. (NYSE:USFD)

Renaissance Technologies LLC raised its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 240.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 612,000 shares of the company's stock after purchasing an additional 432,200 shares during the period. Renaissance Technologies LLC owned 0.26% of US Foods worth $41,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC boosted its stake in US Foods by 4.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock valued at $279,000 after purchasing an additional 160 shares during the period. Arizona State Retirement System boosted its position in shares of US Foods by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock valued at $4,549,000 after acquiring an additional 170 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 178 shares during the period. Vestcor Inc grew its stake in shares of US Foods by 1.0% in the fourth quarter. Vestcor Inc now owns 20,200 shares of the company's stock worth $1,363,000 after acquiring an additional 195 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in US Foods by 2.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company's stock worth $588,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

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Insiders Place Their Bets

In other US Foods news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on USFD shares. Jefferies Financial Group raised their price target 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. StockNews.com downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Piper Sandler upped their price target on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Finally, Guggenheim restated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $71.83.

US Foods Price Performance

Shares of US Foods stock traded down $0.42 during mid-day trading on Tuesday, reaching $63.07. 578,379 shares of the stock were exchanged, compared to its average volume of 1,980,729. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19. The firm has a 50-day simple moving average of $66.80 and a 200 day simple moving average of $66.67. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38.

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 for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, sell-side analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

About US Foods

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.