Bridgewater Associates LP Acquires 17,074 Shares of US Foods Holding Corp. (NYSE:USFD)

Bridgewater Associates LP increased its holdings in US Foods Holding Corp. (NYSE:USFD) by 39.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 60,748 shares of the company’s stock after purchasing an additional 17,074 shares during the period. Bridgewater Associates LP’s holdings in US Foods were worth $4,098,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Wealth Asset Management LLC lifted its holdings in US Foods by 4.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after buying an additional 160 shares during the period. Arizona State Retirement System lifted its stake in shares of US Foods by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock worth $4,549,000 after acquiring an additional 170 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after acquiring an additional 178 shares during the last quarter. Vestcor Inc boosted its holdings in US Foods by 1.0% in the fourth quarter. Vestcor Inc now owns 20,200 shares of the company’s stock valued at $1,363,000 after acquiring an additional 195 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in US Foods by 2.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock valued at $588,000 after purchasing an additional 206 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on USFD shares. Truist Financial upped their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Piper Sandler lifted their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Barclays boosted their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, UBS Group raised their target price on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, US Foods presently has an average rating of “Buy” and an average price target of $71.83.

US Foods Trading Up 1.1 %

NYSE USFD opened at $62.24 on Friday. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The business has a 50 day moving average price of $66.31 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. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 30.81, a P/E/G ratio of 1.03 and a beta of 1.38.

US Foods (NYSE:USFD) last released 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 business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. As a group, equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost 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. This trade represents a 800.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

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.