Bank of Nova Scotia increased its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 89.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,980 shares of the company's stock after acquiring an additional 16,000 shares during the period. Bank of Nova Scotia's holdings in US Foods were worth $2,292,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. FIL Ltd lifted its stake in shares of US Foods by 14.9% in the 4th quarter. FIL Ltd now owns 137,381 shares of the company's stock valued at $9,268,000 after purchasing an additional 17,851 shares during the period. Twin Capital Management Inc. acquired a new position in shares of US Foods in the fourth quarter worth about $1,246,000. Bank of Montreal Can boosted its stake in shares of US Foods by 164.2% during the 4th quarter. Bank of Montreal Can now owns 176,595 shares of the company's stock worth $11,913,000 after acquiring an additional 109,747 shares in the last quarter. Polymer Capital Management US LLC purchased a new stake in shares of US Foods in the fourth quarter valued at approximately $203,000. Finally, Cerity Partners LLC lifted its holdings in US Foods by 5.0% during the fourth quarter. Cerity Partners LLC now owns 35,413 shares of the company's stock valued at $2,296,000 after purchasing an additional 1,678 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
US Foods Trading Down 0.7 %
NYSE:USFD traded down $0.42 on Tuesday, reaching $63.07. 1,301,325 shares of the company's stock were exchanged, compared to its average volume of 1,982,142. The firm has a market capitalization 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 Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The business has a fifty day moving average of $66.80 and a 200-day moving average of $66.67.
US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. As a group, analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Wall Street Analysts Forecast Growth
USFD has been the subject of several research reports. Barclays boosted their price objective on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Melius Research raised shares of US Foods to a "strong-buy" rating in a research note on Wednesday, December 18th. StockNews.com downgraded shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. UBS Group increased their price target on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $80.00 target price on shares of US Foods in a research note on Monday. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $71.83.
Read Our Latest Report on US Foods
Insider Buying and Selling
In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now directly owns 4,500 shares of the company's stock, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company's stock.
US Foods Profile
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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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