Federated Hermes Inc. Purchases 30,762 Shares of US Foods Holding Corp. (NYSE:USFD)

Federated Hermes Inc. raised its holdings in US Foods Holding Corp. (NYSE:USFD) by 53.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,692 shares of the company’s stock after buying an additional 30,762 shares during the quarter. Federated Hermes Inc.’s holdings in US Foods were worth $5,983,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in USFD. Aster Capital Management DIFC Ltd raised its holdings in shares of US Foods by 75.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 5,156 shares of the company’s stock worth $348,000 after buying an additional 2,212 shares in the last quarter. Russell Investments Group Ltd. grew its position in US Foods by 118.0% in the fourth quarter. Russell Investments Group Ltd. now owns 202,150 shares of the company’s stock valued at $13,637,000 after acquiring an additional 109,413 shares during the period. Envestnet Asset Management Inc. raised its stake in US Foods by 13.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 348,368 shares of the company’s stock worth $23,501,000 after acquiring an additional 40,751 shares in the last quarter. Islay Capital Management LLC bought a new position in shares of US Foods during the fourth quarter valued at $765,000. Finally, Wells Fargo & Company MN boosted its stake in shares of US Foods by 14.4% in the 4th quarter. Wells Fargo & Company MN now owns 372,058 shares of the company’s stock valued at $25,099,000 after purchasing an additional 46,815 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity at US Foods

In other US Foods news, Director David W. Bullock bought 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now owns 4,500 shares of the company’s stock, valued at approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

US Foods Trading Down 0.1 %

USFD stock opened at $62.53 on Friday. 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 cap of $14.41 billion, a P/E ratio of 30.96, a PEG ratio of 1.03 and a beta of 1.38. The business has a fifty day moving average of $66.97 and a 200-day moving average of $66.62.

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). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. As a group, equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Analysts Set New Price Targets

USFD has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Melius Research raised shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Barclays boosted their target price on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Melius began coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target for the company. Finally, StockNews.com lowered US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. One 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 company. According to MarketBeat.com, US Foods presently has a consensus rating of “Buy” and an average target price of $71.09.

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.