Lecap Asset Management Ltd. Purchases Shares of 49,801 US Foods Holding Corp. (NYSE:USFD)

Lecap Asset Management Ltd. purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 49,801 shares of the company’s stock, valued at approximately $3,063,000.

Several other hedge funds have also recently modified their holdings of USFD. Community Trust & Investment Co. grew its position in US Foods by 84.1% during the 3rd quarter. Community Trust & Investment Co. now owns 228,920 shares of the company’s stock worth $14,079,000 after purchasing an additional 104,596 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of US Foods by 8.3% during the third quarter. Private Advisor Group LLC now owns 13,723 shares of the company’s stock valued at $844,000 after buying an additional 1,053 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of US Foods during the third quarter valued at $207,000. Allspring Global Investments Holdings LLC increased its position in shares of US Foods by 15.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,518 shares of the company’s stock valued at $524,000 after acquiring an additional 1,137 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new position in US Foods in the 3rd quarter worth $261,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Wells Fargo & Company upped their price objective on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group raised their target price on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, US Foods presently has a consensus rating of “Buy” and a consensus target price of $66.82.

US Foods Stock Performance

Shares of NYSE USFD opened at $62.14 on Wednesday. The company has a market capitalization of $15.28 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. The company’s fifty day moving average price is $60.05 and its 200 day moving average price is $55.21. US Foods Holding Corp. has a 1 year low of $36.60 and a 1 year high of $63.13.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The business had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. On average, research analysts predict that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is currently owned by company insiders.

About US Foods

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.