NBC Securities Inc. Purchases 2,149 Shares of US Foods Holding Corp. (NYSE:USFD)

NBC Securities Inc. increased its position in US Foods Holding Corp. (NYSE:USFD) by 107,450.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,151 shares of the company’s stock after purchasing an additional 2,149 shares during the period. NBC Securities Inc.’s holdings in US Foods were worth $140,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in shares of US Foods in the 4th quarter worth $357,000. Longbow Finance SA bought a new position in shares of US Foods in the 4th quarter worth $9,001,000. Avantax Advisory Services Inc. lifted its holdings in shares of US Foods by 121.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company’s stock worth $751,000 after purchasing an additional 6,108 shares in the last quarter. Man Group plc lifted its holdings in shares of US Foods by 307.3% in the 4th quarter. Man Group plc now owns 414,629 shares of the company’s stock worth $27,971,000 after purchasing an additional 312,833 shares in the last quarter. Finally, Redwood Investment Management LLC lifted its holdings in shares of US Foods by 178.1% in the 4th quarter. Redwood Investment Management LLC now owns 75,653 shares of the company’s stock worth $5,104,000 after purchasing an additional 48,448 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction dated Thursday, May 15th. The stock was 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 trade represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on USFD shares. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 24th. Guggenheim reissued a “buy” rating and issued a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. Piper Sandler increased their price target on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price target on US Foods from $70.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, May 20th. Finally, Citigroup started coverage on US Foods in a research report on Thursday, May 22nd. They issued a “buy” rating and a $95.00 price target for the company. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $76.75.

US Foods Stock Down 1.0%

US Foods stock opened at $76.94 on Tuesday. US Foods Holding Corp. has a twelve month low of $50.05 and a twelve month high of $79.64. The firm has a 50 day moving average price of $69.69 and a 200-day moving average price of $68.97. The company has a market capitalization of $17.80 billion, a P/E ratio of 38.09, a P/E/G ratio of 1.03 and a beta of 1.44. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06.

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

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.