New York Life Investment Management LLC Grows Stake in US Foods Holding Corp. (NYSE:USFD)

New York Life Investment Management LLC boosted its position in shares of US Foods Holding Corp. (NYSE:USFD) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 25,968 shares of the company’s stock after buying an additional 1,220 shares during the period. New York Life Investment Management LLC’s holdings in US Foods were worth $1,179,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in shares of US Foods in the 4th quarter valued at $30,000. GAMMA Investing LLC purchased a new position in shares of US Foods in the 4th quarter valued at $41,000. Anchor Investment Management LLC purchased a new position in shares of US Foods in the 4th quarter valued at $47,000. Fifth Third Bancorp increased its holdings in shares of US Foods by 36.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock valued at $47,000 after acquiring an additional 316 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of US Foods in the 3rd quarter valued at $61,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USFD has been the topic of a number of analyst reports. Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and lifted their price target 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 research note on Friday, February 23rd. Truist Financial boosted their target price on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. BMO Capital Markets boosted their target price on US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. boosted their target price on US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $54.92.

US Foods Stock Performance

Shares of USFD opened at $52.10 on Wednesday. The stock has a 50-day moving average of $52.14 and a two-hundred day moving average of $47.30. US Foods Holding Corp. has a one year low of $35.66 and a one year high of $54.94. 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 stock has a market cap of $12.78 billion, a P/E ratio of 25.79, a P/E/G ratio of 0.86 and a beta of 1.58.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. As a group, research analysts predict that US Foods Holding Corp. will post 2.92 EPS for the current year.

Insider Activity

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 transaction, the executive vice president now owns 148,561 shares of the company’s stock, valued at approximately $7,802,423.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

US Foods 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.