Los Angeles Capital Management LLC Acquires 1,021 Shares of US Foods Holding Corp. (NYSE:USFD)

Los Angeles Capital Management LLC raised its holdings in US Foods Holding Corp. (NYSE:USFD) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,581 shares of the company’s stock after buying an additional 1,021 shares during the quarter. Los Angeles Capital Management LLC’s holdings in US Foods were worth $1,861,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in USFD. Legacy Wealth Asset Management LLC grew its stake in shares of US Foods by 4.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after acquiring an additional 160 shares during the last quarter. Bank of Montreal Can boosted its holdings in US Foods by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after purchasing an additional 171 shares during the period. First Horizon Advisors Inc. grew its position in US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 202 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of US Foods by 2.4% during 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 during the period. Finally, CIBC Asset Management Inc raised its position in shares of US Foods by 3.3% during the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock valued at $436,000 after buying an additional 226 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Activity

In related news, Director David W. Bullock acquired 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, for a total transaction of $284,240.00. Following the transaction, the director now owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

US Foods Price Performance

Shares of US Foods stock opened at $71.72 on Friday. The stock has a market capitalization of $16.52 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 1.03 and a beta of 1.67. The firm’s 50-day moving average price is $69.39 and its two-hundred day moving average price is $65.18. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on USFD shares. UBS Group lifted their target price on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Truist Financial lifted their price objective on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Melius initiated coverage on US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. Jefferies Financial Group boosted their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Morgan Stanley increased their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. One 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. According to MarketBeat.com, US Foods currently has a consensus rating of “Buy” and a consensus price target of $70.33.

US Foods Company 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.