First Trust Advisors LP Buys 215,407 Shares of US Foods Holding Corp. (NYSE:USFD)

First Trust Advisors LP raised its stake in shares of US Foods Holding Corp. (NYSE:USFD – Get Rating) by 48.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 663,369 shares of the company’s stock after acquiring an additional 215,407 shares during the quarter. First Trust Advisors LP owned approximately 0.29% of US Foods worth $22,568,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USFD. Vanguard Group Inc. increased its stake in shares of US Foods by 0.9% in the first quarter. Vanguard Group Inc. now owns 18,841,409 shares of the company’s stock valued at $709,002,000 after buying an additional 167,929 shares in the last quarter. Boston Partners increased its stake in shares of US Foods by 13.7% in the fourth quarter. Boston Partners now owns 14,928,566 shares of the company’s stock valued at $509,765,000 after buying an additional 1,804,364 shares in the last quarter. Clarkston Capital Partners LLC increased its stake in shares of US Foods by 33.8% in the third quarter. Clarkston Capital Partners LLC now owns 7,631,985 shares of the company’s stock valued at $201,790,000 after buying an additional 1,928,245 shares in the last quarter. State Street Corp increased its stake in shares of US Foods by 0.9% in the second quarter. State Street Corp now owns 3,488,588 shares of the company’s stock valued at $107,030,000 after buying an additional 30,513 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of US Foods by 32.0% in the third quarter. Victory Capital Management Inc. now owns 1,883,749 shares of the company’s stock valued at $49,806,000 after buying an additional 456,613 shares in the last quarter. 97.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on USFD shares. Guggenheim raised their target price on US Foods from $45.00 to $50.00 in a research note on Friday, May 12th. Wells Fargo & Company lifted their price objective on US Foods from $49.00 to $50.00 in a research report on Friday, May 12th. BTIG Research lifted their price objective on US Foods from $45.00 to $48.00 in a research report on Friday, May 12th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 12th. Finally, Truist Financial lifted their price objective on US Foods from $43.00 to $49.00 in a research report on Friday, May 12th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, US Foods presently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

Insider Activity

In other news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of US Foods stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other US Foods news, insider Andrew E. Iacobucci sold 2,728 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $36.60, for a total value of $99,844.80. Following the sale, the insider now owns 190,020 shares in the company, valued at approximately $6,954,732. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $38.83, for a total value of $295,108,000.00. Following the completion of the sale, the insider now owns 37 shares in the company, valued at approximately $1,436.71. The disclosure for this sale can be found here. Insiders have sold 7,633,850 shares of company stock worth $296,320,022 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

US Foods Price Performance

US Foods stock opened at $41.28 on Friday. The firm has a market capitalization of $9.60 billion, a P/E ratio of 29.70 and a beta of 1.47. US Foods Holding Corp. has a 1 year low of $25.49 and a 1 year high of $41.64. The business has a 50-day moving average of $37.36 and a 200-day moving average of $36.46. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.12.

US Foods (NYSE:USFD – Get Rating) last released its quarterly earnings data on Thursday, May 11th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.09. US Foods had a return on equity of 13.91% and a net margin of 1.02%. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.52 billion. On average, equities analysts anticipate that US Foods Holding Corp. will post 2.42 EPS for the current year.

US Foods Company 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.