Envestnet Asset Management Inc. increased its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 13.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 348,368 shares of the company's stock after acquiring an additional 40,751 shares during the period. Envestnet Asset Management Inc. owned approximately 0.15% of US Foods worth $23,501,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in USFD. Retirement Systems of Alabama increased 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 acquiring an additional 17,897 shares during the last quarter. EntryPoint Capital LLC acquired a new position in US Foods in the 4th quarter valued at $357,000. Longbow Finance SA purchased a new stake in shares of US Foods in the fourth quarter valued at approximately $9,001,000. Avantax Advisory Services Inc. increased its holdings in US Foods by 121.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock valued at $751,000 after buying an additional 6,108 shares in the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of US Foods during the 4th quarter worth about $413,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other US Foods news, Director David W. Bullock bought 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at approximately $319,770. This trade represents 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 hyperlink. 0.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
USFD has been the subject of several research reports. StockNews.com downgraded shares of US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Truist Financial lifted their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Guggenheim reissued a "buy" rating and set a $80.00 target price on shares of US Foods in a research note on Monday. Melius Research upgraded US Foods to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, Barclays raised their price target on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $71.83.
View Our Latest Stock Analysis on USFD
US Foods Price Performance
Shares of US Foods stock traded down $0.42 during mid-day trading on Tuesday, reaching $63.07. 1,301,325 shares of the stock were exchanged, compared to its average volume of 1,982,142. The company has a market cap 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 fifty-two week low of $49.65 and a fifty-two week high of $73.19. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The firm has a 50-day simple moving average of $66.80 and a 200 day simple moving average of $66.67.
US Foods (NYSE:USFD - Get Free Report) last posted 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 net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate 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
(
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.
Featured Stories
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
