Dakota Wealth Management Takes $205,000 Position in US Foods Holding Corp. (NYSE:USFD)

Dakota Wealth Management acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,333 shares of the company’s stock, valued at approximately $205,000.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of US Foods by 20.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,606 shares of the company’s stock worth $357,000 after purchasing an additional 1,132 shares during the last quarter. State of Michigan Retirement System raised its position in shares of US Foods by 2.2% in the 1st quarter. State of Michigan Retirement System now owns 55,500 shares of the company’s stock valued at $2,995,000 after acquiring an additional 1,200 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of US Foods in the 1st quarter valued at approximately $27,000. BNP Paribas Financial Markets raised its holdings in US Foods by 61.1% during the 1st quarter. BNP Paribas Financial Markets now owns 154,366 shares of the company’s stock worth $8,331,000 after buying an additional 58,534 shares during the period. Finally, Capstone Investment Advisors LLC acquired a new stake in US Foods during the 1st quarter worth approximately $547,000. 98.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company boosted their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $66.82.

Insider Transactions at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

US Foods Stock Performance

NYSE:USFD opened at $61.84 on Wednesday. The company has a market capitalization of $15.20 billion, a PE ratio of 30.46, a P/E/G ratio of 1.00 and a beta of 1.66. The company has a 50 day simple moving average of $60.36 and a two-hundred day simple moving average of $55.47. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. US Foods Holding Corp. has a fifty-two week low of $37.12 and a fifty-two week high of $63.13.

US Foods (NYSE:USFD) last released its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. Research analysts anticipate 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.