Jag Capital Management LLC Increases Stock Position in US Foods Holding Corp. (NYSE:USFD)

Jag Capital Management LLC raised its position in shares of US Foods Holding Corp. (NYSE:USFD) by 41.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 239,268 shares of the company’s stock after purchasing an additional 70,041 shares during the period. US Foods comprises about 2.3% of Jag Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Jag Capital Management LLC’s holdings in US Foods were worth $16,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of USFD. Public Sector Pension Investment Board raised its position in shares of US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares during the last quarter. Wellington Management Group LLP raised its position in shares of US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after purchasing an additional 2,435,357 shares during the last quarter. State Street Corp raised its position in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after purchasing an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of US Foods by 4.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock worth $420,781,000 after purchasing an additional 291,016 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of US Foods by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after purchasing an additional 241,900 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Transactions at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Piper Sandler boosted their target price on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Melius assumed coverage on US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. Morgan Stanley boosted their target price on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, UBS Group boosted their target price on US Foods from $77.00 to $83.00 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, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $70.33.

US Foods Stock Down 2.2 %

NYSE USFD opened at $70.07 on Tuesday. The stock’s 50 day moving average is $69.47 and its 200 day moving average is $65.46. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The stock has a market cap of $16.14 billion, a PE ratio of 34.69, a P/E/G ratio of 1.03 and a beta of 1.67.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal 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.