Duncan Williams Asset Management LLC Has $583,000 Stake in US Foods Holding Corp. (NYSE:USFD)

Duncan Williams Asset Management LLC boosted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,487 shares of the company’s stock after buying an additional 1,332 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in US Foods were worth $583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USFD. Massachusetts Financial Services Co. MA lifted its holdings in US Foods by 46.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after buying an additional 2,064,321 shares during the period. Interval Partners LP lifted its holdings in US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock worth $98,905,000 after buying an additional 1,470,630 shares during the period. Vanguard Group Inc. lifted its holdings in US Foods by 3.6% during 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 lifted its stake in shares of 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 purchasing an additional 694,999 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake 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 during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Piper Sandler boosted their target price on US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft boosted their target price on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 9th. StockNews.com lowered US Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company boosted their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $66.82.

Insider Activity at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is owned by company insiders.

US Foods Price Performance

US Foods stock opened at $60.94 on Friday. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $62.94. 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 business’s 50 day simple moving average is $57.72 and its 200 day simple moving average is $54.43. The company has a market cap of $14.98 billion, a price-to-earnings ratio of 30.02, a PEG ratio of 0.99 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 EPS for the quarter, meeting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The business had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. US Foods’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts forecast that US Foods Holding Corp. will post 2.9 EPS for the current year.

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.