Ethic Inc. grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 49.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,781 shares of the company's stock after buying an additional 14,489 shares during the quarter. Ethic Inc.'s holdings in US Foods were worth $2,953,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Colonial Trust Co SC bought a new position in US Foods in the fourth quarter worth approximately $25,000. GeoWealth Management LLC grew its stake in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after purchasing an additional 189 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 178 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in US Foods in the fourth quarter worth approximately $32,000. Finally, R Squared Ltd bought a new position in US Foods in the fourth quarter worth approximately $34,000. Institutional investors own 98.76% of the company's stock.
Analyst Upgrades and Downgrades
USFD has been the topic of several research analyst reports. Piper Sandler increased their price objective on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Barclays increased their price objective on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Guggenheim reissued a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Truist Financial upped their target price on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, UBS Group upped their target price on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $73.00.
Read Our Latest Stock Analysis on US Foods
US Foods Stock Up 1.1%
US Foods stock traded up $0.84 during mid-day trading on Friday, reaching $76.64. 2,833,238 shares of the company were exchanged, compared to its average volume of 2,016,208. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $76.92. The business has a fifty day moving average of $65.78 and a 200 day moving average of $67.63. 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 firm has a market cap of $17.67 billion, a P/E ratio of 37.94, a PEG ratio of 1.03 and a beta of 1.35.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 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 $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. During the same quarter in the prior year, the company posted $0.54 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. Research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Insider Activity
In other US Foods news, Director David W. Bullock acquired 4,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.
US Foods Profile
(
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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