Farther Finance Advisors LLC Buys 1,393 Shares of US Foods Holding Corp. (NYSE:USFD)

Farther Finance Advisors LLC raised its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 27.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,516 shares of the company’s stock after buying an additional 1,393 shares during the period. Farther Finance Advisors LLC’s holdings in US Foods were worth $430,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in USFD. Norges Bank acquired a new stake in US Foods in the fourth quarter valued at approximately $211,300,000. Artisan Partners Limited Partnership purchased a new stake in shares of US Foods during the 4th quarter valued at $171,107,000. Raymond James Financial Inc. acquired a new stake in shares of US Foods in the 4th quarter worth $48,611,000. AQR Capital Management LLC grew its stake in US Foods by 133.8% during the 4th quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company’s stock worth $77,708,000 after buying an additional 659,283 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in US Foods by 307.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock worth $43,145,000 after buying an additional 482,461 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on USFD. Citigroup began coverage on US Foods in a report on Thursday, May 22nd. They issued a “buy” rating and a $95.00 price objective on the stock. Barclays increased their price target on shares of US Foods from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Morgan Stanley lifted their price objective on shares of US Foods from $81.00 to $84.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on shares of US Foods from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, May 20th. Finally, Guggenheim reissued a “buy” rating and set a $80.00 target price on shares of US Foods in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, US Foods currently has a consensus rating of “Buy” and an average target price of $76.75.

US Foods Price Performance

NYSE:USFD opened at $76.68 on Tuesday. The company has a fifty day moving average price of $71.16 and a 200 day moving average price of $69.19. The stock has a market cap of $17.74 billion, a P/E ratio of 37.96, a PEG ratio of 1.03 and a beta of 1.44. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a one year low of $50.05 and a one year high of $79.64.

US Foods (NYSE:USFD) last released its quarterly 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). The business had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. Analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction on 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 transaction, the executive vice president now owns 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

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.