Wells Fargo & Company MN lifted its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 372,058 shares of the company's stock after purchasing an additional 46,815 shares during the quarter. Wells Fargo & Company MN owned 0.16% of US Foods worth $25,099,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of US Foods by 59.5% in 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 in the last quarter. R Squared Ltd bought a new position in US Foods in the fourth quarter valued at approximately $34,000. Smartleaf Asset Management LLC boosted its holdings in shares of US Foods by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock valued at $49,000 after buying an additional 243 shares during the period. J.Safra Asset Management Corp raised its holdings in shares of US Foods by 38.5% during the fourth quarter. J.Safra Asset Management Corp now owns 806 shares of the company's stock worth $55,000 after acquiring an additional 224 shares during the period. Finally, Versant Capital Management Inc boosted its stake in US Foods by 112.2% in the 4th quarter. Versant Capital Management Inc now owns 855 shares of the company's stock worth $58,000 after purchasing an additional 452 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on USFD. Barclays boosted their price target on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Jefferies Financial Group boosted their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Guggenheim restated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research note on Monday. Melius Research raised US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. Finally, UBS Group raised their price target on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, US Foods presently has a consensus rating of "Buy" and an average price target of $71.83.
Read Our Latest Research Report on USFD
US Foods Stock Performance
Shares of USFD stock traded down $0.42 during midday trading on Tuesday, hitting $63.07. 1,301,325 shares of the company were exchanged, compared to its average volume of 1,980,874. The firm has a market capitalization of $14.54 billion, a P/E ratio of 31.22, a PEG ratio of 1.03 and a beta of 1.38. 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 firm's 50 day moving average price is $66.80 and its two-hundred day moving average price is $66.67.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. As a group, equities research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Insiders Place Their Bets
In other US Foods news, Director David W. Bullock purchased 4,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was bought 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 in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.70% of the company's stock.
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.
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