Brooklyn FI LLC Purchases New Stake in US Foods Holding Corp. (NYSE:USFD)

Brooklyn FI LLC acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,784 shares of the company’s stock, valued at approximately $445,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Retirement Systems of Alabama increased its holdings in US Foods by 5.4% in the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock valued at $21,462,000 after buying an additional 17,897 shares during the last quarter. State Street Corp grew its position in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after acquiring an additional 316,061 shares in the last quarter. Longbow Finance SA bought a new stake in shares of US Foods in the 4th quarter valued at approximately $9,001,000. Dynamic Technology Lab Private Ltd bought a new position in US Foods during the third quarter worth $1,141,000. Finally, Verition Fund Management LLC lifted its stake in US Foods by 14.6% during the third quarter. Verition Fund Management LLC now owns 885,606 shares of the company’s stock worth $54,465,000 after purchasing an additional 112,701 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Jefferies Financial Group increased their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Melius Research raised shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Barclays upped their target price on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Piper Sandler raised their price target on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley upped their price objective on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $71.09.

US Foods Stock Performance

USFD opened at $65.05 on Thursday. 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 $14.99 billion, a price-to-earnings ratio of 32.20, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The business has a 50 day moving average price of $69.00 and a two-hundred day moving average price of $66.11. 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 released its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) 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 analyst estimates of $9.47 billion. Research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the transaction, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.