BNP Paribas Financial Markets Raises Holdings in US Foods Holding Corp. (NYSE:USFD)

BNP Paribas Financial Markets lifted its holdings in US Foods Holding Corp. (NYSE:USFD) by 16.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 271,916 shares of the company’s stock after purchasing an additional 38,110 shares during the quarter. BNP Paribas Financial Markets’ holdings in US Foods were worth $18,343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GeoWealth Management LLC lifted its holdings in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after acquiring an additional 189 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of US Foods in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its holdings in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after buying an additional 178 shares in the last quarter. R Squared Ltd acquired a new position in US Foods during the fourth quarter worth about $34,000. Finally, Smartleaf Asset Management LLC increased its holdings in US Foods by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock valued at $49,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity

In related news, Director David W. Bullock bought 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

USFD has been the topic of several research analyst reports. StockNews.com lowered US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. Truist Financial boosted their target price on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays raised their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Guggenheim restated a “buy” rating and set a $80.00 target price on shares of US Foods in a report on Monday, April 14th. One research 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.com, the stock has an average rating of “Buy” and a consensus target price of $72.08.

US Foods Stock Down 0.2 %

Shares of NYSE USFD opened at $71.64 on Friday. The firm’s 50 day moving average price is $64.82 and its 200 day moving average price is $67.05. 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 firm has a market cap of $16.51 billion, a P/E ratio of 35.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $73.19.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same period in the prior year, the firm earned $0.54 EPS. US Foods’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

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.