Jacobs Levy Equity Management Inc. Increases Position in US Foods Holding Corp. (NYSE:USFD)

Jacobs Levy Equity Management Inc. grew its stake in US Foods Holding Corp. (NYSE:USFD) by 29.8% during the fourth quarter, HoldingsChannel reports. The fund owned 114,958 shares of the company’s stock after acquiring an additional 26,406 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in US Foods were worth $7,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Colonial Trust Co SC acquired a new stake in shares of US Foods in the 4th quarter worth $25,000. GeoWealth Management LLC boosted its position in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in shares of US Foods in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC boosted its position in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after purchasing an additional 178 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of US Foods in the 4th quarter worth $34,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Stock Performance

Shares of USFD stock opened at $74.12 on Wednesday. The stock has a market cap of $17.09 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The business has a 50-day simple moving average of $64.98 and a 200-day simple moving average of $67.29. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $74.97.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. On average, equities analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Activity at US Foods

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

USFD has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Barclays boosted their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Guggenheim reiterated a “buy” rating and set a $80.00 price target on shares of US Foods in a research note on Monday. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, UBS Group boosted their price target on US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, US Foods presently has an average rating of “Buy” and a consensus target price of $73.00.

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.