Meeder Asset Management Inc. Increases Stock Position in US Foods Holding Corp. (NYSE:USFD)

Meeder Asset Management Inc. lifted its position in shares of US Foods Holding Corp. (NYSE:USFD) by 1,605.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,501 shares of the company’s stock after purchasing an additional 1,413 shares during the period. Meeder Asset Management Inc.’s holdings in US Foods were worth $101,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boston Partners raised its position in US Foods by 0.6% in the fourth quarter. Boston Partners now owns 12,744,006 shares of the company’s stock worth $860,460,000 after acquiring an additional 77,012 shares during the period. Wellington Management Group LLP raised its holdings in shares of US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after purchasing an additional 2,435,357 shares during the period. State Street Corp raised its holdings 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 worth $433,299,000 after purchasing an additional 316,061 shares during the period. JPMorgan Chase & Co. grew its holdings in US Foods by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company’s stock valued at $290,369,000 after purchasing an additional 292,404 shares during the period. Finally, Geode Capital Management LLC increased its position in US Foods by 6.5% in the third quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after buying an additional 241,900 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Trading Up 0.8 %

Shares of US Foods stock opened at $65.98 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The firm has a market cap of $15.20 billion, a PE ratio of 32.66, a PEG ratio of 1.03 and a beta of 1.65. The company has a 50 day simple moving average of $68.50 and a two-hundred day simple moving average of $66.59.

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

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of recent research reports. Morgan Stanley upped their price target on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Jefferies Financial Group lifted their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Barclays raised their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Truist Financial boosted their target price on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, UBS Group raised their price target on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating, eleven 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 a consensus rating of “Buy” and an average target price of $71.09.

US Foods Company 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.