Insider Buying: US Foods Holding Corp. (NYSE:USFD) Director Buys $284,240.00 in Stock

US Foods Holding Corp. (NYSE:USFD) Director David W. Bullock purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the transaction, the director now directly owns 4,500 shares in the company, 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 SEC, which is available through the SEC website.

US Foods Price Performance

Shares of NYSE USFD opened at $70.13 on Friday. The firm has a market capitalization of $16.16 billion, a P/E ratio of 34.72, a P/E/G ratio of 1.03 and a beta of 1.67. 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 stock’s 50-day simple moving average is $69.17 and its two-hundred day simple moving average is $64.65. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion during 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%. As a group, equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on USFD. Jefferies Financial Group upped their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Piper Sandler upped their price target on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Barclays increased their price objective on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their price objective on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, US Foods presently has a consensus rating of “Buy” and an average price target of $70.33.

Hedge Funds Weigh In On US Foods

A number of institutional investors have recently added to or reduced their stakes in USFD. Norges Bank bought a new position in US Foods in the 4th quarter worth about $211,300,000. Artisan Partners Limited Partnership bought a new position in shares of US Foods during the 4th quarter valued at about $171,107,000. Public Sector Pension Investment Board increased its position in shares of US Foods by 100.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after purchasing an additional 2,500,000 shares during the last quarter. Wellington Management Group LLP increased its position in shares of US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after purchasing an additional 2,435,357 shares during the last quarter. Finally, Congress Asset Management Co. bought a new position in shares of US Foods during the 3rd quarter valued at about $121,196,000. 98.76% of the stock is currently owned by institutional investors.

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.