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:USFDFree Report) 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:USFDGet Free Report) 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.

Check Out Our Latest Analysis on USFD

US Foods Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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