NewEdge Advisors LLC Raises Stock Position in US Foods Holding Corp. (NYSE:USFD)

NewEdge Advisors LLC boosted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 10.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 27,611 shares of the company’s stock after acquiring an additional 2,582 shares during the period. NewEdge Advisors LLC’s holdings in US Foods were worth $1,863,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of USFD. EverSource Wealth Advisors LLC lifted its stake in US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after buying an additional 178 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of US Foods in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in shares of US Foods in the fourth quarter worth approximately $34,000. Smartleaf Asset Management LLC increased its position in shares of US Foods by 50.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock worth $49,000 after purchasing an additional 243 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its stake in US Foods by 38.5% in the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock valued at $55,000 after purchasing an additional 224 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Trading Up 3.5 %

NYSE USFD opened at $63.29 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market capitalization of $14.59 billion, a P/E ratio of 31.33, a PEG ratio of 1.03 and a beta of 1.38. The firm’s 50-day moving average is $65.84 and its two-hundred day moving average is $66.67. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $73.19.

US Foods (NYSE:USFD) last issued 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). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Activity

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

USFD has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Piper Sandler upped their price objective on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Barclays raised their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. UBS Group upped their price target on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Truist Financial lifted their price objective on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.83.

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.