Quantessence Capital LLC Acquires Shares of 4,100 US Foods Holding Corp. (NYSE:USFD)

Quantessence Capital LLC bought a new position in shares of US Foods Holding Corp. (NYSE:USFD) in the fourth quarter, HoldingsChannel reports. The firm bought 4,100 shares of the company’s stock, valued at approximately $277,000.

Several other hedge funds have also modified their holdings of the business. Norges Bank purchased a new position in US Foods in the fourth quarter worth $211,300,000. Artisan Partners Limited Partnership purchased a new position in US Foods in the fourth quarter valued at about $171,107,000. Raymond James Financial Inc. acquired a new stake in shares of US Foods during the 4th quarter valued at approximately $48,611,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of US Foods by 307.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock worth $43,145,000 after acquiring an additional 482,461 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of US Foods by 240.4% in the 4th quarter. Renaissance Technologies LLC now owns 612,000 shares of the company’s stock worth $41,286,000 after acquiring an additional 432,200 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other US Foods news, Director David W. Bullock bought 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on USFD. Truist Financial boosted their target price on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Guggenheim restated a “buy” rating and set a $80.00 target price on shares of US Foods in a research report on Monday, April 14th. Morgan Stanley increased their price target on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, 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. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $71.83.

US Foods Stock Up 3.5 %

Shares of NYSE:USFD opened at $63.29 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.03 and a beta of 1.38. The stock’s 50-day moving average price is $65.84 and its two-hundred day moving average price is $66.67. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $73.19.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) 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 company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. On average, research analysts forecast 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.