Synovus Financial Corp Invests $381,000 in US Foods Holding Corp. (NYSE:USFD)

Synovus Financial Corp acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,645 shares of the company's stock, valued at approximately $381,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USFD. Legacy Investment Solutions LLC acquired a new stake in US Foods in the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC grew 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 purchasing an additional 178 shares during the last quarter. R Squared Ltd purchased a new position in shares of US Foods during the 4th quarter worth approximately $34,000. Smartleaf Asset Management LLC raised its position in shares of US Foods by 50.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock worth $49,000 after purchasing an additional 243 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its holdings in US Foods by 38.5% during the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company's stock valued at $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.

Analysts Set New Price Targets

Several brokerages recently weighed in on USFD. 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 research note on Friday, February 14th. Truist Financial boosted their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Piper Sandler raised their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Finally, Guggenheim reaffirmed a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $71.83.

US Foods Trading Up 2.5 %

USFD traded up $1.61 on Wednesday, reaching $64.88. 265,599 shares of the company's stock were exchanged, compared to its average volume of 1,973,215. US Foods Holding Corp. has a twelve month low of $50.05 and a twelve month high of $73.19. The company's 50 day moving average is $65.84 and its 200-day moving average is $66.67. 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 $14.96 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.03 and a beta of 1.38.

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 (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Activity

In related news, Director David W. Bullock purchased 4,000 shares of the firm's stock in a transaction 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 acquisition, the director now directly owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company's stock.

US Foods 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.