LMR Partners LLP Grows Stake in US Foods Holding Corp. (NYSE:USFD)

LMR Partners LLP grew its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 16.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,813 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. LMR Partners LLP owned about 0.12% of US Foods worth $19,348,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of USFD. Colonial Trust Co SC purchased a new position in shares of US Foods in the fourth quarter worth $25,000. GeoWealth Management LLC increased its holdings in 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 buying an additional 189 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in 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 buying an additional 178 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in US Foods during the 4th quarter valued at about $32,000. Finally, R Squared Ltd bought a new position in US Foods during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

USFD has been the subject of several research reports. Barclays boosted their price objective on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial increased their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and issued a $80.00 price objective on shares of US Foods in a report on Monday, April 14th. UBS Group upped their price objective on US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Friday. Finally, StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $73.00.

US Foods Stock Down 0.2%

USFD stock opened at $71.64 on Monday. The business’s 50-day moving average price is $64.89 and its 200-day moving average price is $67.20. The stock has a market cap of $16.51 billion, a P/E ratio of 35.47, a PEG ratio of 1.03 and a beta of 1.35. 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 twelve month low of $50.05 and a twelve month high of $73.50.

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

Insider Activity

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.60% of the company’s stock.

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.