US Foods Holding Corp. (NYSE:USFD) Shares Purchased by Fred Alger Management LLC

Fred Alger Management LLC raised its position in US Foods Holding Corp. (NYSE:USFD – Get Rating) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,026 shares of the company’s stock after acquiring an additional 3,506 shares during the quarter. Fred Alger Management LLC owned 0.21% of US Foods worth $12,427,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of USFD. CI Investments Inc. lifted its stake in US Foods by 41.9% in the second quarter. CI Investments Inc. now owns 7,360,291 shares of the company’s stock valued at $225,814,000 after buying an additional 2,174,650 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of US Foods by 907.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,493,578 shares of the company’s stock valued at $39,490,000 after purchasing an additional 1,345,320 shares during the period. Renaissance Technologies LLC boosted its position in shares of US Foods by 373.3% in the 3rd quarter. Renaissance Technologies LLC now owns 1,095,300 shares of the company’s stock valued at $28,960,000 after purchasing an additional 863,900 shares during the period. Prudential Financial Inc. boosted its position in shares of US Foods by 6,865.1% in the 2nd quarter. Prudential Financial Inc. now owns 704,451 shares of the company’s stock valued at $21,613,000 after purchasing an additional 694,337 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in US Foods during the 2nd quarter worth about $14,880,000. Institutional investors and hedge funds own 97.06% of the company’s stock.

Insider Transactions at US Foods

In other US Foods news, EVP Jay Kvasnicka sold 2,590 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $38.01, for a total transaction of $98,445.90. Following the transaction, the executive vice president now owns 63,049 shares in the company, valued at approximately $2,396,492.49. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other US Foods news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $38.83, for a total transaction of $295,108,000.00. Following the transaction, the insider now owns 37 shares in the company, valued at approximately $1,436.71. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Jay Kvasnicka sold 2,590 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $38.01, for a total value of $98,445.90. Following the transaction, the executive vice president now owns 63,049 shares in the company, valued at approximately $2,396,492.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,670,152 shares of company stock worth $297,784,317. Company insiders own 1.00% of the company’s stock.

US Foods Stock Performance

USFD opened at $36.55 on Wednesday. US Foods Holding Corp. has a 12-month low of $25.49 and a 12-month high of $41.28. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 36.55 and a beta of 1.48. The business has a 50 day moving average of $37.56 and a 200-day moving average of $33.55. The company has a quick ratio of 0.79, a current ratio of 1.37 and a debt-to-equity ratio of 1.20.

US Foods (NYSE:USFD – Get Rating) last announced its earnings results on Thursday, February 16th. The company reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.58 billion. US Foods had a return on equity of 13.22% and a net margin of 0.78%. On average, equities research analysts expect that US Foods Holding Corp. will post 2.35 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on USFD. Barclays upgraded US Foods from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $34.00 to $43.00 in a report on Thursday, January 5th. Morgan Stanley boosted their price target on US Foods from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, February 17th. TheStreet raised US Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, December 6th. BMO Capital Markets boosted their target price on US Foods from $45.00 to $50.00 in a research report on Friday, February 17th. Finally, Truist Financial upped their price objective on US Foods to $43.00 in a report on Wednesday, November 16th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.90.

US Foods Profile

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US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.