QRG Capital Management Inc. Grows Position in US Foods Holding Corp. (NYSE:USFD)

QRG Capital Management Inc. raised its position in US Foods Holding Corp. (NYSE:USFD) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,092 shares of the company’s stock after purchasing an additional 654 shares during the quarter. QRG Capital Management Inc.’s holdings in US Foods were worth $1,693,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of US Foods in the third quarter valued at about $31,000. Huntington National Bank grew its stake in shares of US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of US Foods in the third quarter valued at about $34,000. R Squared Ltd acquired a new stake in shares of US Foods in the fourth quarter valued at about $34,000. Finally, First Horizon Advisors Inc. grew its stake in shares of US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after buying an additional 202 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Trading Up 2.1 %

Shares of NYSE USFD opened at $71.72 on Monday. The company has a market cap of $16.52 billion, a price-to-earnings ratio of 35.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The stock’s 50 day simple moving average is $69.47 and its 200 day simple moving average is $65.39.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $9.49 billion during 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%. Equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on USFD. Melius began coverage on US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. Truist Financial increased their target price on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Barclays raised their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, US Foods has a consensus rating of “Buy” and a consensus target price of $70.33.

Insider Buying and Selling

In related news, Director David W. Bullock purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

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.