Norges Bank Invests $211.30 Million in US Foods Holding Corp. (NYSE:USFD)

Norges Bank acquired a new stake in US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,132,223 shares of the company’s stock, valued at approximately $211,300,000. Norges Bank owned approximately 1.34% of US Foods as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USFD. EverSource Wealth Advisors LLC raised its position in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the period. R Squared Ltd bought a new position in US Foods in the 4th quarter worth $34,000. Smartleaf Asset Management LLC lifted its position in US Foods by 50.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock worth $49,000 after acquiring an additional 243 shares during the last quarter. J.Safra Asset Management Corp lifted its position in US Foods by 38.5% during the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock worth $55,000 after acquiring an additional 224 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in US Foods by 112.2% during the fourth quarter. Versant Capital Management Inc now owns 855 shares of the company’s stock valued at $58,000 after acquiring an additional 452 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Down 1.2 %

Shares of USFD opened at $64.49 on Monday. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a 50-day moving average price of $68.62 and a two-hundred day moving average price of $66.50. The company has a quick ratio of 0.71, a current ratio of 1.21 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 company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. Equities analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on USFD. Piper Sandler boosted their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Melius started coverage on shares of US Foods in a research report on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price on the stock. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley raised 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. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $71.09.

Insider Transactions at US Foods

In other US Foods news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction dated 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 acquisition, 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 filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by insiders.

US Foods 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.