Snowden Capital Advisors LLC increased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 97.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,179 shares of the company's stock after buying an additional 4,045 shares during the quarter. Snowden Capital Advisors LLC's holdings in US Foods were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its holdings in US Foods by 11.9% during the 4th quarter. Park Avenue Securities LLC now owns 7,147 shares of the company's stock valued at $482,000 after purchasing an additional 762 shares during the period. Merit Financial Group LLC purchased a new position in shares of US Foods during the fourth quarter valued at approximately $413,000. HB Wealth Management LLC raised its holdings in shares of US Foods by 41.7% during the fourth quarter. HB Wealth Management LLC now owns 9,911 shares of the company's stock valued at $669,000 after acquiring an additional 2,916 shares in the last quarter. Aaron Wealth Advisors LLC lifted its stake in US Foods by 29.4% in the fourth quarter. Aaron Wealth Advisors LLC now owns 4,831 shares of the company's stock worth $326,000 after acquiring an additional 1,098 shares during the period. Finally, UMB Bank n.a. lifted its stake in US Foods by 71.3% in the fourth quarter. UMB Bank n.a. now owns 1,081 shares of the company's stock worth $73,000 after acquiring an additional 450 shares during the period. 98.76% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Piper Sandler raised their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Guggenheim reaffirmed a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. Finally, Citigroup initiated coverage on US Foods in a research report on Thursday. They issued a "buy" rating and a $95.00 target price for the company. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $75.92.
Read Our Latest Research Report on USFD
Insider Activity at US Foods
In related news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value 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 $8,630,775. The trade was a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.
US Foods Stock Down 0.0%
Shares of US Foods stock traded down $0.01 during midday trading on Monday, hitting $75.88. The company had a trading volume of 1,974,022 shares, compared to its average volume of 2,030,107. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $78.18. 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 $17.55 billion, a P/E ratio of 37.56, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a 50 day moving average of $66.93 and a 200 day moving average of $68.12.
US Foods (NYSE:USFD - Get Free Report) last released its earnings results 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 return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same period last year, the firm posted $0.54 earnings per share. The company's revenue was up 4.5% compared to the same quarter last year. On average, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
US Foods Company 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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