Atomi Financial Group Inc. Takes Position in US Foods Holding Corp. (NYSE:USFD)

Atomi Financial Group Inc. bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,873 shares of the company’s stock, valued at approximately $205,000.

Several other large investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in US Foods by 11.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,381 shares of the company’s stock worth $391,000 after purchasing an additional 775 shares in the last quarter. Highland Capital Management LLC grew its stake in US Foods by 10.6% in the second quarter. Highland Capital Management LLC now owns 4,370 shares of the company’s stock worth $232,000 after purchasing an additional 419 shares in the last quarter. &PARTNERS acquired a new position in US Foods in the second quarter worth about $368,000. Fifth Third Wealth Advisors LLC acquired a new position in US Foods in the second quarter worth about $364,000. Finally, Fifth Third Bancorp grew its stake in US Foods by 41.3% in the second quarter. Fifth Third Bancorp now owns 2,293 shares of the company’s stock worth $121,000 after purchasing an additional 670 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

USFD has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on US Foods from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Morgan Stanley raised their target price on shares of US Foods from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 target price (up previously from $58.00) on shares of US Foods in a report on Friday, May 10th. Wells Fargo & Company raised their target price on shares of US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. Finally, Truist Financial raised their target price on shares of US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods has an average rating of “Buy” and an average price target of $64.70.

US Foods Stock Performance

USFD opened at $59.18 on Friday. The business’s 50 day moving average is $53.94 and its 200-day moving average is $52.85. The stock has a market cap of $14.47 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. US Foods Holding Corp. has a twelve month low of $35.66 and a twelve month high of $59.79.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts predict that US Foods Holding Corp. will post 2.9 earnings per share for the current 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.