US Foods Holding Corp. (NYSE:USFD) Shares Bought by LGT Group Foundation

LGT Group Foundation raised its holdings in US Foods Holding Corp. (NYSE:USFD) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,139 shares of the company’s stock after buying an additional 11,851 shares during the period. LGT Group Foundation’s holdings in US Foods were worth $3,516,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of US Foods by 138.6% during the fourth quarter. State of Alaska Department of Revenue now owns 64,425 shares of the company’s stock worth $2,925,000 after buying an additional 37,425 shares during the period. Wellington Management Group LLP increased its position in shares of US Foods by 7.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,870,370 shares of the company’s stock valued at $113,954,000 after purchasing an additional 199,269 shares during the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in shares of US Foods in the 4th quarter valued at approximately $1,269,000. Nordea Investment Management AB raised its holdings in shares of US Foods by 102.1% in the 4th quarter. Nordea Investment Management AB now owns 109,958 shares of the company’s stock valued at $4,991,000 after purchasing an additional 55,554 shares in the last quarter. Finally, Oak Thistle LLC purchased a new stake in shares of US Foods during the 4th quarter worth $1,639,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Trading Up 0.8 %

Shares of US Foods stock opened at $51.40 on Friday. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $54.94. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The company’s 50-day simple moving average is $52.11 and its 200-day simple moving average is $46.95. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 0.85 and a beta of 1.58.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. As a group, equities research analysts anticipate that US Foods Holding Corp. will post 2.92 earnings per share for the current year.

Insider Transactions at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now directly owns 148,561 shares in the company, valued at $7,802,423.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

USFD has been the topic of several recent analyst reports. BMO Capital Markets increased their target price on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, February 16th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. BTIG Research boosted their target price on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. UBS Group upgraded shares of US Foods from a “neutral” rating to a “buy” rating and increased their price target for the company from $47.00 to $64.00 in a research note on Tuesday, February 20th. Finally, Truist Financial boosted their price objective on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $54.92.

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.