Wealthfront Advisers LLC Acquires Shares of 24,410 US Foods Holding Corp. (NYSE:USFD)

Wealthfront Advisers LLC acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 24,410 shares of the company’s stock, valued at approximately $1,647,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in USFD. Retirement Systems of Alabama boosted its position in US Foods by 5.4% during the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after acquiring an additional 17,897 shares during the last quarter. State Street Corp boosted its position in US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after acquiring an additional 316,061 shares during the last quarter. Longbow Finance SA acquired a new position in US Foods during the fourth quarter worth about $9,001,000. Oppenheimer Asset Management Inc. boosted its position in US Foods by 121.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after acquiring an additional 28,232 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in US Foods during the third quarter worth about $1,141,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director David W. Bullock acquired 4,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

US Foods Stock Performance

Shares of USFD stock opened at $65.50 on Friday. The firm’s 50 day moving average price is $69.13 and its 200-day moving average price is $65.93. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. US Foods Holding Corp. has a one year low of $49.65 and a one year high of $73.19. The firm has a market cap of $15.09 billion, a P/E ratio of 32.42, a P/E/G ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. As a group, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Melius assumed coverage on shares of US Foods in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target on the stock. Jefferies Financial Group boosted their price target on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. UBS Group boosted their price target on shares of US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, Barclays boosted their target price 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. One equities 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $70.33.

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.