Huntington National Bank Raises Stock Position in US Foods Holding Corp. (NYSE:USFD)

Huntington National Bank increased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 172.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,449 shares of the company’s stock after purchasing an additional 917 shares during the period. Huntington National Bank’s holdings in US Foods were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on USFD shares. Melius Research raised shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. UBS Group upped their price objective on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Piper Sandler lifted their target price on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Truist Financial increased their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Melius started coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective on the stock. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.09.

US Foods Stock Performance

USFD stock opened at $61.80 on Monday. The firm has a market cap of $14.24 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.03 and a beta of 1.38. The stock’s 50 day simple moving average is $68.23 and its 200 day simple moving average is $66.67. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19.

US Foods (NYSE:USFD) last issued its 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 business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. As a group, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling at US Foods

In related news, Director David W. Bullock bought 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

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.