KLP Kapitalforvaltning AS Invests $3.22 Million in US Foods Holding Corp. (NYSE:USFD)

KLP Kapitalforvaltning AS bought a new stake in US Foods Holding Corp. (NYSE:USFD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 47,700 shares of the company’s stock, valued at approximately $3,218,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC grew its holdings in US Foods by 4.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after acquiring an additional 160 shares in the last quarter. Arizona State Retirement System grew its stake in shares of US Foods by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock worth $4,549,000 after purchasing an additional 170 shares in the last quarter. Bank of Montreal Can grew its stake in shares of US Foods by 0.3% during the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after purchasing an additional 171 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 178 shares during the last quarter. Finally, Vestcor Inc raised its stake in US Foods by 1.0% in the fourth quarter. Vestcor Inc now owns 20,200 shares of the company’s stock valued at $1,363,000 after buying an additional 195 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Truist Financial upped their price objective on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Jefferies Financial Group increased their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Piper Sandler upped their target price on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Barclays lifted their price target on shares of US Foods from $82.00 to $85.00 and gave the stock 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 one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $71.09.

Insider Activity at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by insiders.

US Foods Price Performance

Shares of NYSE:USFD opened at $65.63 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. US Foods Holding Corp. has a one year low of $49.65 and a one year high of $73.19. The company has a 50-day simple moving average of $68.75 and a 200-day simple moving average of $66.34. The stock has a market capitalization of $15.12 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last posted its quarterly earnings data 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). The company had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

US Foods Company 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.