Ensign Peak Advisors Inc Buys 694,999 Shares of US Foods Holding Corp. (NYSE:USFD)

Ensign Peak Advisors Inc boosted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 175.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,090,291 shares of the company’s stock after acquiring an additional 694,999 shares during the period. Ensign Peak Advisors Inc owned 0.45% of US Foods worth $57,764,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of US Foods in the 4th quarter valued at $108,316,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after purchasing an additional 2,064,321 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after purchasing an additional 796,434 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of US Foods by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock valued at $239,940,000 after purchasing an additional 567,601 shares in the last quarter. Finally, Boston Partners boosted its holdings in shares of US Foods by 3.5% in the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after purchasing an additional 566,277 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Transactions at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on USFD shares. Truist Financial raised their target price on US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft raised their price objective on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. Wells Fargo & Company raised their price objective on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Piper Sandler raised their price objective on US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $66.40.

US Foods Stock Performance

USFD stock opened at $61.58 on Friday. The stock has a 50-day moving average price of $56.07 and a 200-day moving average price of $53.92. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $62.34. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The firm has a market cap of $15.06 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The firm had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the company posted $0.73 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts expect that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

About US Foods

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.