US Foods Holding Corp. (NYSE:USFD) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in US Foods Holding Corp. (NYSE:USFD) by 3.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 24,188 shares of the company’s stock after buying an additional 769 shares during the period. HighTower Advisors LLC’s holdings in US Foods were worth $1,632,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after acquiring an additional 2,435,357 shares in the last quarter. State Street Corp grew its position in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares during the last quarter. Geode Capital Management LLC raised its stake in US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after acquiring an additional 241,900 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in US Foods by 6.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock valued at $105,342,000 after acquiring an additional 109,488 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in US Foods by 14.6% in the third quarter. Verition Fund Management LLC now owns 885,606 shares of the company’s stock valued at $54,465,000 after acquiring an additional 112,701 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Price Performance

Shares of NYSE USFD opened at $65.64 on Tuesday. 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 Holding Corp. has a one year low of $49.65 and a one year high of $73.19. The firm has a market capitalization of $15.12 billion, a P/E ratio of 32.49, a PEG ratio of 1.03 and a beta of 1.65. The company’s fifty day moving average is $68.83 and its two-hundred day moving average is $66.28.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 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 $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. Analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

USFD has been the topic of a number of research reports. Truist Financial raised their price target on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Melius initiated coverage on shares of US Foods in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price on the stock. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. UBS Group raised their price objective on shares of US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Morgan Stanley upped their target price on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, US Foods has a consensus rating of “Buy” and a consensus price target of $71.09.

Insider Activity at US Foods

In other news, Director David W. Bullock purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. This represents a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by company insiders.

US Foods Profile

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.