Wealthspire Advisors LLC Invests $233,000 in US Foods Holding Corp. (NYSE:USFD)

Wealthspire Advisors LLC bought a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,453 shares of the company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also made changes to their positions in USFD. Retirement Systems of Alabama grew its stake in US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after buying an additional 17,897 shares during the last quarter. State Street Corp grew its stake in US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after buying an additional 316,061 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in US Foods by 121.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after buying an additional 28,232 shares during the last quarter. Jag Capital Management LLC grew its stake in US Foods by 3,175.1% during the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock worth $10,407,000 after buying an additional 164,060 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in US Foods during the 3rd quarter worth approximately $1,141,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on USFD shares. Morgan Stanley lifted their target price on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Melius began coverage on US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target for the company. Jefferies Financial Group raised their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Melius Research raised US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $70.33.

US Foods Stock Performance

Shares of USFD stock opened at $70.22 on Friday. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 34.76, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. The business has a 50 day simple moving average of $69.32 and a 200 day simple moving average of $65.14. 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 (NYSE:USFD) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) 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%. On average, equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Transactions at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now directly owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

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.