Mackenzie Financial Corp Purchases 19,217 Shares of US Foods Holding Corp. (NYSE:USFD)

Mackenzie Financial Corp raised its position in shares of US Foods Holding Corp. (NYSE:USFD) by 7.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 287,758 shares of the company’s stock after purchasing an additional 19,217 shares during the period. Mackenzie Financial Corp’s holdings in US Foods were worth $13,067,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of USFD. Raymond James Financial Services Advisors Inc. raised its holdings in shares of US Foods by 3.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 37,445 shares of the company’s stock valued at $1,409,000 after acquiring an additional 1,411 shares in the last quarter. Bank of New York Mellon Corp increased its position in US Foods by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 938,355 shares of the company’s stock valued at $35,311,000 after purchasing an additional 80,621 shares during the period. US Bancorp DE increased its position in US Foods by 16.3% during the 1st quarter. US Bancorp DE now owns 7,822 shares of the company’s stock valued at $296,000 after purchasing an additional 1,094 shares during the period. HighTower Advisors LLC bought a new stake in shares of US Foods in the 1st quarter valued at about $215,000. Finally, Natixis Advisors L.P. lifted its position in shares of US Foods by 27.8% in the 1st quarter. Natixis Advisors L.P. now owns 15,716 shares of the company’s stock worth $591,000 after purchasing an additional 3,421 shares during the period. 98.76% of the stock is owned by institutional investors.

US Foods Price Performance

Shares of NYSE USFD opened at $50.03 on Friday. US Foods Holding Corp. has a fifty-two week low of $35.66 and a fifty-two week high of $54.94. The company has a market cap of $12.27 billion, a PE ratio of 24.77, a P/E/G ratio of 0.84 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. The business has a 50-day simple moving average of $51.74 and a two-hundred day simple moving average of $46.02.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. As a group, equities analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Morgan Stanley lifted their price target on US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, April 12th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $59.00 in a report on Tuesday, February 20th. Finally, UBS Group raised shares of US Foods from a “neutral” rating to a “buy” rating and increased their price target for the company from $47.00 to $64.00 in a research report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $54.92.

Insider Transactions at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the sale, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

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.