Distillate Capital Partners LLC Makes New $16 Million Investment in US Foods Holding Corp. (NYSE:USFD)

Distillate Capital Partners LLC purchased a new stake in US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 237,125 shares of the company’s stock, valued at approximately $15,996,000. Distillate Capital Partners LLC owned 0.10% of US Foods at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in USFD. Boston Partners boosted its holdings in shares of US Foods by 0.6% during the fourth quarter. Boston Partners now owns 12,744,006 shares of the company’s stock worth $860,460,000 after acquiring an additional 77,012 shares during the period. JPMorgan Chase & Co. boosted its stake in US Foods by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company’s stock valued at $290,369,000 after purchasing an additional 292,404 shares during the period. Geode Capital Management LLC grew its holdings in US Foods by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock valued at $244,401,000 after buying an additional 241,900 shares in the last quarter. Norges Bank bought a new position in US Foods during the 4th quarter worth $211,300,000. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of US Foods during the fourth quarter worth $171,107,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

USFD has been the topic of several research reports. UBS Group upped their price target on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Truist Financial lifted their price target on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Piper Sandler increased their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, US Foods has a consensus rating of “Buy” and an average price target of $71.09.

US Foods Stock Down 0.1 %

Shares of NYSE:USFD opened at $62.53 on Friday. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The company has a market capitalization of $14.41 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. 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 company has a fifty day moving average of $66.97 and a 200-day moving average of $66.62.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business 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%. On average, equities analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity at US Foods

In other news, Director David W. Bullock purchased 4,000 shares of the company’s stock in a transaction dated 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 owns 4,500 shares of the company’s stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

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.