Magnetar Financial LLC Takes $659,000 Position in US Foods Holding Corp. (NYSE:USFD)

Magnetar Financial LLC purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 9,764 shares of the company’s stock, valued at approximately $659,000.

A number of other large investors also recently modified their holdings of the business. Public Sector Pension Investment Board boosted its stake in US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after buying an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP boosted its stake in US Foods by 25.2% during the third 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 in the last quarter. Raymond James Financial Inc. bought a new position in US Foods during the fourth quarter valued at about $48,611,000. Primecap Management Co. CA boosted its stake in US Foods by 129.3% during the fourth quarter. Primecap Management Co. CA now owns 659,021 shares of the company’s stock valued at $44,458,000 after buying an additional 371,613 shares in the last quarter. Finally, State Street Corp boosted its stake in US Foods by 4.7% during the third 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 in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Stock Up 1.5 %

USFD opened at $64.36 on Friday. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19. The business has a 50-day moving average of $68.85 and a 200-day moving average of $66.13. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The company has a market capitalization of $14.83 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. Equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Transactions at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now owns 4,500 shares of the company’s stock, valued at approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on USFD. Jefferies Financial Group raised their target price on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. UBS Group increased their price target on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Melius Research upgraded US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Barclays increased their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Truist Financial increased their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $71.09.

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.