Farther Finance Advisors LLC Has $346,000 Stake in US Foods Holding Corp. (NYSE:USFD)

Farther Finance Advisors LLC cut its stake in US Foods Holding Corp. (NYSE:USFD) by 5.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,123 shares of the company’s stock after selling 305 shares during the quarter. Farther Finance Advisors LLC’s holdings in US Foods were worth $346,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in shares of US Foods by 59.5% during the fourth 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 period. R Squared Ltd bought a new stake in US Foods in the 4th quarter valued at approximately $34,000. Huntington National Bank boosted its position in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after acquiring an additional 409 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of US Foods by 66,100.0% in the third quarter. Assetmark Inc. now owns 662 shares of the company’s stock valued at $41,000 after purchasing an additional 661 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Activity

In other news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Truist Financial raised their price objective on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Piper Sandler upped their target price on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Melius assumed coverage on US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target for the company. Finally, UBS Group upped their price objective on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, US Foods currently has an average rating of “Buy” and a consensus price target of $70.33.

US Foods Trading Up 0.8 %

Shares of US Foods stock opened at $66.04 on Tuesday. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 32.69, a P/E/G ratio of 1.03 and a beta of 1.65. The business has a fifty day simple moving average of $69.11 and a two-hundred day simple moving average of $66.08. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71.

US Foods (NYSE:USFD) last announced its 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). The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current 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.