Bank of Montreal Can Boosts Position in US Foods Holding Corp. (NYSE:USFD)

Bank of Montreal Can boosted its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 164.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,595 shares of the company's stock after acquiring an additional 109,747 shares during the period. Bank of Montreal Can owned about 0.08% of US Foods worth $11,913,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of USFD. Boston Partners boosted its position in shares of US Foods by 0.6% in the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after purchasing an additional 77,012 shares during the period. JPMorgan Chase & Co. raised its position in US Foods by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after purchasing an additional 292,404 shares during the last quarter. Geode Capital Management LLC grew its position in US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company's stock worth $244,401,000 after purchasing an additional 241,900 shares during the last quarter. Norges Bank acquired a new position in US Foods in the fourth quarter valued at $211,300,000. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of US Foods during the fourth quarter worth about $171,107,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Activity at US Foods

In other US Foods news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares of the company's stock, valued at $319,770. This represents a 800.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.70% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have weighed in on the company. Piper Sandler increased their price objective on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. UBS Group raised their target price on shares of US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Melius initiated coverage on shares of US Foods in a report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price target for the company. Barclays boosted their target price on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, StockNews.com downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. One 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.com, US Foods has an average rating of "Buy" and an average target price of $71.83.

US Foods Price Performance

Shares of USFD traded down $0.42 during mid-day trading 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 company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.03 and a beta of 1.38. The company has a 50-day simple moving average of $66.80 and a two-hundred day simple moving average of $66.67.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results 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). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. On average, sell-side analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

About US Foods

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.