Janney Montgomery Scott LLC Purchases 1,038 Shares of US Foods Holding Corp. (NYSE:USFD)

Janney Montgomery Scott LLC lifted its position in US Foods Holding Corp. (NYSE:USFDFree Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,709 shares of the company’s stock after acquiring an additional 1,038 shares during the quarter. Janney Montgomery Scott LLC’s holdings in US Foods were worth $850,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in USFD. Victory Capital Management Inc. raised its holdings in shares of US Foods by 98.2% in the 4th quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock valued at $418,711,000 after purchasing an additional 4,569,002 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in US Foods during the 3rd quarter valued at $53,581,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of US Foods by 273.1% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,007,387 shares of the company’s stock valued at $39,994,000 after acquiring an additional 737,381 shares during the period. Cookson Peirce & Co. Inc. bought a new position in shares of US Foods in the 4th quarter worth $18,555,000. Finally, South Street Advisors LLC purchased a new stake in shares of US Foods during the 3rd quarter worth $12,494,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Trading Up 0.8 %

US Foods stock opened at $52.79 on Friday. The stock has a 50-day moving average price of $52.56 and a 200 day moving average price of $48.92. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 0.91 and a beta of 1.58. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $55.98. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.95.

US Foods (NYSE:USFDGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.93 billion. US Foods had a net margin of 1.41% and a return on equity of 13.08%. Sell-side analysts anticipate that US Foods Holding Corp. will post 2.91 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on USFD. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 target price (up previously from $58.00) on shares of US Foods in a research note on Friday, May 10th. UBS Group boosted their price objective on shares of US Foods from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and raised their target price for the company from $45.00 to $59.00 in a research note on Tuesday, February 20th. Morgan Stanley upped their price target on US Foods from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. increased their price objective on US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $60.56.

Get Our Latest Stock Report on USFD

Insider Buying and Selling at US Foods

In other US Foods news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the completion of the transaction, the executive vice president now owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

US Foods Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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