Wealthfront Advisers LLC purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 24,410 shares of the company's stock, valued at approximately $1,647,000.
Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in US Foods during the 3rd quarter valued at $31,000. Huntington National Bank boosted its position in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company's stock valued at $33,000 after buying an additional 409 shares during the period. R Squared Ltd purchased a new stake in US Foods during the 4th quarter valued at $34,000. First Horizon Advisors Inc. boosted its position in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock valued at $35,000 after buying an additional 202 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in US Foods by 72.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company's stock valued at $40,000 after buying an additional 275 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Stock Up 0.1 %
Shares of US Foods stock traded up $0.06 during trading on Wednesday, hitting $65.05. The company's stock had a trading volume of 3,175,725 shares, compared to its average volume of 1,860,769. The company has a market capitalization of $14.99 billion, a PE ratio of 32.20, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The company has a fifty day simple moving average of $69.07 and a two-hundred day simple moving average of $66.12.
US Foods (NYSE:USFD - Get Free Report) last released 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). The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. Equities research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have commented on the stock. Truist Financial upped their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Piper Sandler upped their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Jefferies Financial Group upped their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Melius Research upgraded shares of US Foods to a "strong-buy" rating in a report on Wednesday, December 18th. Finally, Morgan Stanley upped their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $70.33.
Get Our Latest Stock Report on USFD
Insider Buying and Selling at US Foods
In other news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now owns 4,500 shares in the company, valued at $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 the SEC website. 0.70% of the stock is owned by company insiders.
US Foods Company 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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