J.Safra Asset Management Corp Grows Holdings in US Foods Holding Corp. (NYSE:USFD)

J.Safra Asset Management Corp grew its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 38.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 806 shares of the company’s stock after purchasing an additional 224 shares during the quarter. J.Safra Asset Management Corp’s holdings in US Foods were worth $55,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in US Foods during the 3rd quarter valued at $31,000. Huntington National Bank increased its stake in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares during the period. Capital Performance Advisors LLP purchased a new stake in US Foods in the third quarter worth about $34,000. R Squared Ltd purchased a new stake in US Foods in the fourth quarter worth about $34,000. Finally, First Horizon Advisors Inc. grew its holdings in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

USFD has been the subject of several research reports. UBS Group upped their price target on shares of US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays upped their target price on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Jefferies Financial Group lifted 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. Piper Sandler boosted their price target on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, US Foods has a consensus rating of “Buy” and a consensus price target of $70.33.

Insider Activity

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

US Foods Price Performance

Shares of USFD stock opened at $69.21 on Thursday. The firm has a market capitalization of $15.94 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.03 and a beta of 1.65. 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 stock’s 50-day simple moving average is $69.51 and its 200-day simple moving average is $65.62. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. As a group, equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share 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.