VeriStar Capital Management LP purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 40,320 shares of the company's stock, valued at approximately $2,720,000. US Foods accounts for about 4.6% of VeriStar Capital Management LP's portfolio, making the stock its 11th biggest holding.
Other hedge funds have also bought and sold shares of the company. GeoWealth Management LLC increased its position in US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after acquiring an additional 189 shares during the period. Legacy Investment Solutions LLC bought a new position in US Foods during the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC increased its position in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after acquiring an additional 178 shares during the period. R Squared Ltd bought a new position in US Foods during the fourth quarter worth about $34,000. Finally, Smartleaf Asset Management LLC increased its position in US Foods by 50.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock worth $49,000 after acquiring an additional 243 shares during the period. 98.76% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on USFD shares. StockNews.com downgraded shares of US Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 22nd. Piper Sandler increased their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Guggenheim reiterated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research note on Monday, April 14th. Barclays increased their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, UBS Group increased their price objective 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. One investment 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 data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $71.83.
Read Our Latest Report on US Foods
US Foods Trading Up 0.5 %
NYSE USFD traded up $0.34 on Monday, reaching $64.72. The company had a trading volume of 1,597,390 shares, compared to its average volume of 1,983,756. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 1.03 and a beta of 1.38. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $73.19. The business has a 50 day moving average of $65.44 and a two-hundred day moving average of $66.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. Analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
Insiders Place Their Bets
In related news, Director David W. Bullock acquired 4,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now directly owns 4,500 shares of the company's stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.
US Foods Profile
(
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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