US Foods Holding Corp. (NYSE:USFD) Shares Bought by Truist Financial Corp

Truist Financial Corp lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 21.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,156 shares of the company’s stock after purchasing an additional 9,751 shares during the quarter. Truist Financial Corp’s holdings in US Foods were worth $2,550,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Victory Capital Management Inc. lifted its holdings in US Foods by 189.6% during the 3rd quarter. Victory Capital Management Inc. now owns 4,651,686 shares of the company’s stock worth $184,672,000 after buying an additional 3,045,213 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in US Foods in the third quarter valued at $53,581,000. Thompson Siegel & Walmsley LLC grew its stake in US Foods by 273.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,007,387 shares of the company’s stock worth $39,994,000 after purchasing an additional 737,381 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in US Foods during the 4th quarter worth about $18,555,000. Finally, South Street Advisors LLC acquired a new stake in US Foods in the 3rd quarter valued at about $12,494,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity

In related 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 transaction, the executive vice president now owns 148,561 shares in the company, valued at approximately $7,802,423.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

US Foods Price Performance

Shares of NYSE USFD opened at $52.36 on Thursday. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.96. The stock has a market cap of $12.84 billion, a P/E ratio of 25.92, a P/E/G ratio of 0.86 and a beta of 1.58. The stock has a 50 day moving average of $52.16 and a two-hundred day moving average of $47.33. US Foods Holding Corp. has a twelve month low of $35.66 and a twelve month high of $54.94.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.60 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 business had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $8.81 billion. On average, research analysts forecast that US Foods Holding Corp. will post 2.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on USFD shares. UBS Group raised US Foods from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $47.00 to $64.00 in a research report on Tuesday, February 20th. Morgan Stanley increased their price objective on shares of US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Piper Sandler raised shares of US Foods from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $59.00 in a research report on Tuesday, February 20th. BTIG Research raised their price target on US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Truist Financial upped their price objective on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $54.92.

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.