US Foods Holding Corp. (NYSE:USFD) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in US Foods Holding Corp. (NYSE:USFD) by 4,441.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,339 shares of the company’s stock after acquiring an additional 24,781 shares during the period. International Assets Investment Management LLC’s holdings in US Foods were worth $1,151,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. SG Americas Securities LLC lifted its stake in US Foods by 457.4% during the 3rd quarter. SG Americas Securities LLC now owns 50,872 shares of the company’s stock worth $2,020,000 after acquiring an additional 41,745 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in US Foods by 433.4% during the third quarter. Exchange Traded Concepts LLC now owns 8,620 shares of the company’s stock worth $342,000 after purchasing an additional 7,004 shares during the period. Bank of New York Mellon Corp lifted its position in shares of US Foods by 11.3% during the third quarter. Bank of New York Mellon Corp now owns 2,350,684 shares of the company’s stock worth $93,322,000 after purchasing an additional 238,898 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of US Foods by 5.2% in the third quarter. New York State Teachers Retirement System now owns 143,700 shares of the company’s stock valued at $5,705,000 after purchasing an additional 7,110 shares during the period. Finally, JB Capital LLC grew its holdings in shares of US Foods by 19.0% in the third quarter. JB Capital LLC now owns 22,910 shares of the company’s stock valued at $910,000 after purchasing an additional 3,652 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price objective on US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Finally, Morgan Stanley upped their target price on shares of US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $54.92.

Insiders Place Their Bets

In other news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the sale, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at approximately $7,802,423.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company’s stock.

US Foods Stock Performance

Shares of USFD opened at $50.45 on Tuesday. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 0.84 and a beta of 1.58. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $54.94. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average price of $51.74 and a 200 day moving average price of $46.12.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a net margin of 1.42% and a return on equity of 13.41%. The company had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. Research analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

About US Foods

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.