Daiwa Securities Group Inc. Acquires New Holdings in US Foods Holding Corp. (NYSE:USFD)

Daiwa Securities Group Inc. acquired a new stake in US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 14,000 shares of the company’s stock, valued at approximately $944,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP grew its position in shares of US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after purchasing an additional 2,435,357 shares during the period. State Street Corp boosted its position 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 acquiring an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in US Foods by 4.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock worth $420,781,000 after acquiring an additional 291,016 shares during the last quarter. Geode Capital Management LLC boosted its position in US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after acquiring an additional 241,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in US Foods by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock worth $105,342,000 after acquiring an additional 109,488 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Up 2.9 %

USFD opened at $65.50 on Friday. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19. The stock’s fifty day simple moving average is $69.13 and its 200 day simple moving average is $65.98. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The stock has a market cap of $15.09 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion for 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%. As a group, research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on USFD. Morgan Stanley upped their price target on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a report on Thursday. Barclays increased their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Jefferies Financial Group increased their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Truist Financial increased their price objective on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $70.33.

Insiders Place Their Bets

In other news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.