Kesler Norman & Wride LLC Takes $836,000 Position in US Foods Holding Corp. (NYSE:USFD)

Kesler Norman & Wride LLC acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,395 shares of the company’s stock, valued at approximately $836,000.

Several other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares in the last quarter. R Squared Ltd acquired a new position in shares of US Foods during the fourth quarter valued at about $34,000. Smartleaf Asset Management LLC increased its position in shares of US Foods by 50.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock worth $49,000 after acquiring an additional 243 shares in the last quarter. J.Safra Asset Management Corp raised its holdings in shares of US Foods by 38.5% in the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock worth $55,000 after acquiring an additional 224 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in US Foods by 112.2% in the 4th quarter. Versant Capital Management Inc now owns 855 shares of the company’s stock valued at $58,000 after acquiring an additional 452 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Morgan Stanley increased their price target on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Piper Sandler upped their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group raised their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $71.09.

US Foods Stock Performance

NYSE USFD opened at $65.98 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The company has a market capitalization of $15.20 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The company has a 50-day simple moving average of $68.50 and a 200 day simple moving average of $66.59.

US Foods (NYSE:USFD) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $9.47 billion. On average, research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock bought 4,000 shares of the business’s 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 completion of the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.