Y Intercept Hong Kong Ltd decreased its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 48.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,360 shares of the company's stock after selling 13,547 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in US Foods were worth $969,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of USFD. Ashton Thomas Securities LLC purchased a new position in shares of US Foods in the 3rd quarter valued at about $31,000. Huntington National Bank grew its position in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company's stock worth $33,000 after buying an additional 409 shares during the period. Capital Performance Advisors LLP purchased a new position in US Foods in the third quarter valued at about $34,000. R Squared Ltd purchased a new position in US Foods in the fourth quarter valued at about $34,000. Finally, First Horizon Advisors Inc. lifted its position in shares of 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 acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on USFD shares. Morgan Stanley upped their price target on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Barclays upped their target price on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Melius began coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price objective on the stock. Finally, Jefferies Financial Group lifted their target price 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. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, US Foods presently has an average rating of "Buy" and a consensus price target of $70.33.
Read Our Latest Research Report on US Foods
Insider Activity
In related news, Director David W. Bullock bought 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.70% of the company's stock.
US Foods Trading Down 2.2 %
USFD traded down $1.61 during trading on Monday, hitting $70.07. The company's stock had a trading volume of 1,329,467 shares, compared to its average volume of 2,113,828. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The stock has a market cap of $16.14 billion, a PE ratio of 34.69, a PEG ratio of 1.03 and a beta of 1.67. The firm's 50 day moving average price is $69.47 and its 200-day moving average price is $65.46. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 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 business had revenue of $9.49 billion during the quarter, compared to analysts' expectations of $9.47 billion. On average, analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current 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.
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