Pinebridge Investments L.P. Grows Stake in US Foods Holding Corp. (NYSE:USFD)

Pinebridge Investments L.P. grew its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,345 shares of the company's stock after purchasing an additional 21,344 shares during the period. Pinebridge Investments L.P.'s holdings in US Foods were worth $4,813,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Retirement Systems of Alabama grew its position in shares of US Foods by 5.4% during the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock valued at $21,462,000 after purchasing an additional 17,897 shares in the last quarter. EntryPoint Capital LLC purchased a new position in US Foods in the fourth quarter worth about $357,000. Longbow Finance SA purchased a new position in US Foods in the fourth quarter worth about $9,001,000. Avantax Advisory Services Inc. grew its position in US Foods by 121.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after acquiring an additional 6,108 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in US Foods in the fourth quarter worth about $413,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com lowered US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. UBS Group lifted their price target on US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Truist Financial lifted their price target on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley boosted their target price on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Finally, Piper Sandler boosted their target price on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. One equities 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 stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $71.83.

Insider Buying and Selling

In other US Foods news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

US Foods Trading Up 0.5 %

Shares of US Foods stock traded up $0.34 on Monday, hitting $64.72. 1,597,390 shares of the company traded hands, compared to its average volume of 1,983,756. The stock's 50 day moving average price is $65.44 and its 200-day moving average price is $66.78. 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 52 week low of $50.05 and a 52 week high of $73.19. The company has a market cap of $14.92 billion, a PE ratio of 32.04, a PEG ratio of 1.03 and a beta of 1.38.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. Equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

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.