Distillate Capital Partners LLC Buys New Position in US Foods Holding Corp. (NYSE:USFD)

Distillate Capital Partners LLC bought a new position in US Foods Holding Corp. (NYSE:USFD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 237,125 shares of the company’s stock, valued at approximately $15,996,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Legacy Wealth Asset Management LLC increased its stake in shares of US Foods by 4.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock valued at $279,000 after acquiring an additional 160 shares in the last quarter. Arizona State Retirement System increased its stake in US Foods by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock valued at $4,549,000 after purchasing an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the period. Vestcor Inc raised its stake in US Foods by 1.0% during the 4th quarter. Vestcor Inc now owns 20,200 shares of the company’s stock worth $1,363,000 after buying an additional 195 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of US Foods by 2.4% in the 4th 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 in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at US Foods

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Melius Research raised shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Truist Financial raised their target price on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. UBS Group upped 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. Jefferies Financial Group lifted their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Melius initiated coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, US Foods presently has an average rating of “Buy” and an average target price of $71.09.

US Foods Stock Down 0.1 %

US Foods stock opened at $62.53 on Friday. The firm has a 50 day moving average price of $66.97 and a 200-day moving average price of $66.62. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The company has a market capitalization of $14.41 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.03 and a beta of 1.38.

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