US Foods Holding Corp. (NYSE:USFD) Position Boosted by Cetera Investment Advisers

Cetera Investment Advisers lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 84.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,062 shares of the company’s stock after purchasing an additional 11,024 shares during the period. Cetera Investment Advisers’ holdings in US Foods were worth $1,623,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of US Foods during the fourth quarter valued at approximately $211,300,000. Artisan Partners Limited Partnership acquired a new position in US Foods in the fourth quarter worth approximately $171,107,000. Raymond James Financial Inc. acquired a new position in US Foods in the 4th quarter worth approximately $48,611,000. AQR Capital Management LLC boosted its stake in US Foods by 133.8% in the 4th quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company’s stock worth $77,708,000 after purchasing an additional 659,283 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in US Foods by 307.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock worth $43,145,000 after purchasing an additional 482,461 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Price Performance

Shares of USFD stock opened at $77.80 on Wednesday. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $78.18. The firm’s 50 day moving average is $66.30 and its 200-day moving average is $67.85. The firm has a market capitalization of $18.00 billion, a price-to-earnings ratio of 38.52, a PEG ratio of 1.03 and a beta of 1.35. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Sell-side analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the sale, the executive vice president now owns 115,077 shares of the company’s stock, valued at approximately $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

USFD has been the subject of a number of research reports. Piper Sandler lifted their target price on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 13th. Truist Financial boosted their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Morgan Stanley boosted their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Finally, Barclays upped their target price on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $74.18.

US Foods Company 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.