US Foods Holding Corp. (NYSE:USFD) Stock Position Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in US Foods Holding Corp. (NYSE:USFD) by 41.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,341 shares of the company’s stock after purchasing an additional 12,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in US Foods were worth $1,923,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. acquired a new position in US Foods during the 4th quarter valued at about $30,000. Anchor Investment Management LLC acquired a new position in US Foods during the 4th quarter valued at about $47,000. Fifth Third Bancorp increased its stake in US Foods by 36.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock valued at $47,000 after buying an additional 316 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in US Foods during the 3rd quarter valued at about $61,000. Finally, Global Retirement Partners LLC increased its stake in US Foods by 95.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,564 shares of the company’s stock valued at $72,000 after buying an additional 762 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on USFD shares. BTIG Research raised their target price on shares of US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Piper Sandler raised shares of US Foods from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $59.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. UBS Group raised shares of US Foods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $64.00 in a research note on Tuesday, February 20th. Finally, Morgan Stanley lifted their price objective on shares of US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods has a consensus rating of “Buy” and an average price target of $54.92.

US Foods Price Performance

NYSE USFD opened at $51.35 on Friday. 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 stock has a market capitalization of $12.59 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.58. The company has a 50 day moving average price of $52.00 and a two-hundred day moving average price of $46.37. US Foods Holding Corp. has a 12-month low of $35.66 and a 12-month high of $54.94.

US Foods (NYSE:USFD) last posted its 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). The business had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. As a group, equities analysts predict that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

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.