Sei Investments Co. grew its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 52.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 471,717 shares of the company's stock after purchasing an additional 161,887 shares during the quarter. Sei Investments Co. owned approximately 0.20% of US Foods worth $31,822,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after acquiring an additional 178 shares during the last quarter. R Squared Ltd bought a new stake in US Foods during the 4th quarter valued at approximately $34,000. First Horizon Advisors Inc. grew its holdings in US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock valued at $35,000 after buying an additional 202 shares during the last quarter. Smartleaf Asset Management LLC increased 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 worth $49,000 after buying an additional 243 shares during the period. Finally, J.Safra Asset Management Corp lifted its holdings in shares of 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 buying an additional 224 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired 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 in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.70% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Melius Research raised shares of US Foods to a "strong-buy" rating in a report on Wednesday, December 18th. Truist Financial lifted their target price on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. UBS Group raised their price objective on US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Melius started coverage on US Foods in a research report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price objective on the stock. Finally, StockNews.com cut US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, US Foods currently has an average rating of "Buy" and a consensus target price of $71.09.
View Our Latest Report on USFD
US Foods Price Performance
Shares of NYSE:USFD traded down $1.09 on Friday, hitting $64.19. The stock had a trading volume of 812,310 shares, compared to its average volume of 1,964,404. The firm's 50 day moving average price is $68.70 and its 200-day moving average price is $66.33. 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 twelve month low of $49.65 and a twelve month high of $73.19. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 31.79, a price-to-earnings-growth 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 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. On average, equities research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
US Foods 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.
Read More
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
