Sheets Smith Investment Management acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,381 shares of the company's stock, valued at approximately $1,375,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC raised its position in shares of US Foods by 4.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock worth $279,000 after acquiring an additional 160 shares during the last quarter. Arizona State Retirement System lifted its position in shares of US Foods by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock worth $4,549,000 after purchasing an additional 170 shares during the period. Bank of Montreal Can boosted its stake in shares of US Foods by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company's stock valued at $4,022,000 after purchasing an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of US Foods by 59.5% in the 4th 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 last quarter. Finally, Vestcor Inc increased its position in shares of US Foods by 1.0% during the fourth quarter. Vestcor Inc now owns 20,200 shares of the company's stock worth $1,363,000 after buying an additional 195 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have commented on USFD. Barclays upped their price target on shares of US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Melius began coverage on US Foods in a research note on Wednesday, December 18th. They set a "buy" rating and a $12.00 target price for the company. Melius Research upgraded US Foods to a "strong-buy" rating in a report on Wednesday, December 18th. Morgan Stanley increased their price target on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Finally, Truist Financial raised their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $71.09.
Check Out Our Latest Analysis on USFD
US Foods Stock Down 1.2 %
Shares of USFD traded down $0.79 during trading hours on Friday, reaching $64.49. The stock had a trading volume of 1,929,851 shares, compared to its average volume of 1,969,979. The company has a market capitalization of $14.86 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 1.03 and a beta of 1.65. The firm has a 50-day simple moving average of $68.62 and a 200 day simple moving average of $66.38. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data 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 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.
Insider Buying and Selling at US Foods
In related news, Director David W. Bullock acquired 4,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were acquired 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 in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.70% of the company's stock.
About US Foods
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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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