Argos Wealth Advisors LLC purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,968 shares of the company’s stock, valued at approximately $1,052,000.
Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its position in US Foods by 323.5% during the third quarter. SG Americas Securities LLC now owns 38,515 shares of the company’s stock valued at $2,951,000 after acquiring an additional 29,420 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in US Foods during the 3rd quarter valued at approximately $40,375,000. CENTRAL TRUST Co increased its stake in US Foods by 30,283.3% during the 3rd quarter. CENTRAL TRUST Co now owns 5,469 shares of the company’s stock valued at $419,000 after purchasing an additional 5,451 shares in the last quarter. Nordea Investment Management AB acquired a new position in US Foods during the 4th quarter valued at approximately $4,834,000. Finally, TD Asset Management Inc acquired a new position in US Foods during the 3rd quarter valued at approximately $1,477,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.
US Foods Stock Performance
USFD opened at $84.05 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a market cap of $18.51 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 1.03 and a beta of 0.90. US Foods Holding Corp. has a 52-week low of $69.88 and a 52-week high of $102.13. The firm’s fifty day simple moving average is $91.04 and its two-hundred day simple moving average is $84.12.
Analysts Set New Price Targets
USFD has been the topic of a number of recent analyst reports. Piper Sandler lowered shares of US Foods from an “overweight” rating to a “neutral” rating and upped their price target for the company from $85.00 to $103.00 in a research note on Friday, February 13th. Wells Fargo & Company increased their price objective on shares of US Foods from $87.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Weiss Ratings lowered shares of US Foods from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Zacks Research lowered shares of US Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Barclays increased their price objective on shares of US Foods from $90.00 to $104.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.33.
Check Out Our Latest Research Report on US Foods
Insider Transactions at US Foods
In other news, insider James David Works, Jr. sold 65,737 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $96.52, for a total value of $6,344,935.24. Following the transaction, the insider directly owned 88,176 shares of the company’s stock, valued at approximately $8,510,747.52. This trade represents a 42.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.74% of the stock is currently owned by insiders.
US Foods Company Profile
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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