US Foods Holding Corp. (NYSE:USFD) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its holdings in US Foods Holding Corp. (NYSE:USFD) by 59.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 477 shares of the company’s stock after purchasing an additional 178 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in US Foods were worth $32,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in USFD. Legacy Wealth Asset Management LLC lifted its position in US Foods by 4.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after buying an additional 160 shares in the last quarter. Arizona State Retirement System boosted its position in shares of US Foods by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock valued at $4,549,000 after acquiring an additional 170 shares during the last quarter. Bank of Montreal Can boosted its position in shares of US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after acquiring an additional 171 shares during the last quarter. First Horizon Advisors Inc. increased its position in US Foods by 54.2% during the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 202 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in US Foods by 2.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock worth $588,000 after purchasing an additional 206 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

USFD has been the subject of several analyst reports. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Barclays raised their target price on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Jefferies Financial Group upped their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. UBS Group raised their price objective on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Piper Sandler upped their target price on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $71.09.

Insiders Place Their Bets

In other news, Director David W. Bullock purchased 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.

US Foods Trading Down 2.6 %

NYSE USFD opened at $63.35 on Friday. US Foods Holding Corp. has a one year low of $49.65 and a one year high of $73.19. The firm has a 50 day simple moving average of $68.91 and a 200-day simple moving average of $66.09. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal 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.