Nemes Rush Group LLC Makes New Investment in US Foods Holding Corp. (NYSE:USFD)

Nemes Rush Group LLC bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,264 shares of the company’s stock, valued at approximately $120,000.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after purchasing an additional 2,064,321 shares during the period. Interval Partners LP lifted its stake in shares of US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after buying an additional 1,470,630 shares in the last quarter. Vanguard Group Inc. boosted its holdings in US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after buying an additional 796,434 shares during the period. Ensign Peak Advisors Inc grew its stake in US Foods by 175.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock valued at $57,764,000 after buying an additional 694,999 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in US Foods by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock valued at $239,940,000 after acquiring an additional 567,601 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Price Performance

USFD stock opened at $60.16 on Monday. The firm has a 50 day simple moving average of $56.96 and a two-hundred day simple moving average of $54.23. The stock has a market cap of $14.79 billion, a PE ratio of 29.64, a P/E/G ratio of 1.02 and a beta of 1.66. US Foods Holding Corp. has a one year low of $35.66 and a one year high of $62.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on USFD shares. Piper Sandler increased their target price on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft raised their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Truist Financial upped their price target on US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Jefferies Financial Group raised their price objective on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 22nd. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, US Foods currently has an average rating of “Buy” and an average price target of $66.82.

Insider Activity

In related news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction that occurred on 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 owns 88,563 shares in the company, valued at approximately $5,132,225.85. The transaction 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.

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.