Wright Investors Service Inc. Takes Position in US Foods Holding Corp. (NYSE:USFD)

Wright Investors Service Inc. acquired a new stake in US Foods Holding Corp. (NYSE:USFD) during the 4th quarter, Holdings Channel.com reports. The fund acquired 19,612 shares of the company’s stock, valued at approximately $891,000.

Several other large investors have also made changes to their positions in the business. NewEdge Advisors LLC boosted its holdings in shares of US Foods by 67.4% in the 1st quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock valued at $26,000 after acquiring an additional 285 shares during the last quarter. Janney Capital Management LLC boosted its holdings in US Foods by 2.7% during the third quarter. Janney Capital Management LLC now owns 11,904 shares of the company’s stock worth $473,000 after buying an additional 315 shares in the last quarter. Fifth Third Bancorp boosted its holdings in US Foods by 36.1% during the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock worth $47,000 after buying an additional 316 shares in the last quarter. PAX Financial Group LLC boosted its holdings in US Foods by 2.5% during the third quarter. PAX Financial Group LLC now owns 15,099 shares of the company’s stock worth $599,000 after buying an additional 372 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in US Foods by 2.6% during the first quarter. Raymond James Trust N.A. now owns 15,254 shares of the company’s stock worth $574,000 after buying an additional 381 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the sale, the executive vice president now directly owns 148,561 shares in the company, valued at $7,802,423.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

USFD has been the topic of a number of recent analyst reports. UBS Group raised shares of US Foods from a “neutral” rating to a “buy” rating and increased their price target for the stock from $47.00 to $64.00 in a report on Tuesday, February 20th. Piper Sandler raised shares of US Foods from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $45.00 to $59.00 in a report on Tuesday, February 20th. BTIG Research increased their price target on shares of US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Finally, Truist Financial upped their price objective on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $54.92.

US Foods Price Performance

Shares of NYSE USFD traded up $0.22 during mid-day trading on Thursday, reaching $50.42. The company’s stock had a trading volume of 147,881 shares, compared to its average volume of 1,728,603. The stock has a 50-day moving average of $51.62 and a two-hundred day moving average of $45.91. The stock has a market capitalization of $12.37 billion, a P/E ratio of 24.85, a P/E/G ratio of 0.87 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $54.94.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The business had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. On average, equities research analysts anticipate that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

US Foods Company Profile

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.