Meeder Asset Management Inc. Has $101,000 Position in US Foods Holding Corp. (NYSE:USFD)

Meeder Asset Management Inc. boosted its stake in US Foods Holding Corp. (NYSE:USFD) by 1,605.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,501 shares of the company’s stock after purchasing an additional 1,413 shares during the quarter. Meeder Asset Management Inc.’s holdings in US Foods were worth $101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in US Foods in the fourth quarter valued at about $211,300,000. Artisan Partners Limited Partnership bought a new stake in US Foods during the 4th quarter worth $171,107,000. Public Sector Pension Investment Board increased its holdings in US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP raised its position in US Foods by 25.2% in the third 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 last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of US Foods during the fourth quarter valued at about $48,611,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on USFD. Truist Financial raised their price target on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. StockNews.com lowered US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Morgan Stanley increased their target price on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. UBS Group boosted 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. Finally, Jefferies Financial Group lifted their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods currently has an average rating of “Buy” and an average target price of $71.09.

Insider Buying and Selling at US Foods

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by company insiders.

US Foods Price Performance

USFD stock opened at $65.98 on Wednesday. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The stock has a market capitalization of $15.20 billion, a PE ratio of 32.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The company’s 50-day moving average is $68.50 and its 200-day moving average is $66.59. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. Equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

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.