Proficio Capital Partners LLC Invests $4.65 Million in US Foods Holding Corp. (NYSE:USFD)

Proficio Capital Partners LLC purchased a new position in US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, Holdings Channel reports. The firm purchased 68,944 shares of the company’s stock, valued at approximately $4,651,000.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of US Foods by 25.2% in the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after acquiring an additional 2,435,357 shares during the period. State Street Corp grew its holdings in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after acquiring an additional 316,061 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of US Foods by 4.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock worth $420,781,000 after acquiring an additional 291,016 shares during the period. Geode Capital Management LLC grew its holdings in shares of US Foods by 6.5% in the third quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after acquiring an additional 241,900 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of US Foods by 6.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock worth $105,342,000 after acquiring an additional 109,488 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Transactions at US Foods

In related news, Director David W. Bullock bought 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares of the company’s stock, valued at $319,770. This represents a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

USFD has been the subject of several research analyst reports. Melius Research raised US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted 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. Piper Sandler lifted their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley upped their price target on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, UBS Group raised their price objective 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 research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, US Foods currently has an average rating of “Buy” and a consensus target price of $70.33.

US Foods Price Performance

Shares of NYSE:USFD opened at $68.36 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19. The company has a market capitalization of $15.75 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.03 and a beta of 1.65. The firm’s 50 day simple moving average is $69.52 and its two-hundred day simple moving average is $65.55.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 13th. The company reported $0.78 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 analysts’ expectations of $9.47 billion. Research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

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.