Longbow Finance SA Purchases New Position in US Foods Holding Corp. (NYSE:USFD)

Longbow Finance SA purchased a new stake in US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 133,432 shares of the company’s stock, valued at approximately $9,001,000. Longbow Finance SA owned approximately 0.06% of US Foods at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after buying an additional 2,435,357 shares during the last quarter. State Street Corp boosted its position in US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in 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 valued at $420,781,000 after buying an additional 291,016 shares during the last quarter. Geode Capital Management LLC boosted its position in US Foods by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock valued at $244,401,000 after buying an additional 241,900 shares during the last quarter. Finally, Congress Asset Management Co. purchased a new position in US Foods in the 3rd quarter valued at about $121,196,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by company insiders.

US Foods Price Performance

Shares of NYSE:USFD opened at $70.92 on Tuesday. The firm’s 50 day moving average is $69.21 and its two-hundred day moving average is $64.97. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The firm has a market capitalization of $16.34 billion, a P/E ratio of 35.11, a PEG ratio of 1.03 and a beta of 1.67. 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 (NYSE:USFD) last announced its quarterly earnings results 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 net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. Analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on USFD. UBS Group increased 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 raised shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Morgan Stanley increased their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Barclays increased their price target on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Piper Sandler increased their price target on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, US Foods has an average rating of “Buy” and an average price target 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.