Deutsche Bank AG lifted its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 79.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,050 shares of the company's stock after purchasing an additional 67,399 shares during the period. Deutsche Bank AG owned about 0.07% of US Foods worth $10,257,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in USFD. EntryPoint Capital LLC purchased a new stake in US Foods in the fourth quarter worth about $357,000. Longbow Finance SA bought a new stake in shares of US Foods in the 4th quarter valued at about $9,001,000. Avantax Advisory Services Inc. raised its holdings in shares of US Foods by 121.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock valued at $751,000 after purchasing an additional 6,108 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of US Foods in the 4th quarter worth approximately $413,000. Finally, Westover Capital Advisors LLC boosted its stake in shares of US Foods by 199.2% during the fourth quarter. Westover Capital Advisors LLC now owns 25,722 shares of the company's stock valued at $1,735,000 after purchasing an additional 17,125 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
Insiders Place Their Bets
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 115,077 shares in the company, valued at approximately $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on USFD. Piper Sandler boosted 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 reissued a "buy" rating and issued a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. JPMorgan Chase & Co. upped their price objective on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley boosted their target price on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $74.18.
Get Our Latest Stock Report on USFD
US Foods Stock Performance
Shares of US Foods stock traded down $0.07 during trading on Thursday, hitting $76.06. 215,701 shares of the company's stock were exchanged, compared to its average volume of 2,018,308. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $78.83. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The stock has a market capitalization of $17.60 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 1.03 and a beta of 1.35. The business has a 50-day simple moving average of $66.52 and a 200-day simple moving average of $67.91.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. On average, research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
US Foods 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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