Ritholtz Wealth Management Makes New $236,000 Investment in US Foods Holding Corp. (NYSE:USFD)

Ritholtz Wealth Management acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,605 shares of the company’s stock, valued at approximately $236,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in US Foods by 49.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company’s stock worth $2,731,000 after acquiring an additional 13,821 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of US Foods by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 3,043 shares of the company’s stock valued at $199,000 after purchasing an additional 407 shares during the last quarter. USA Financial Formulas bought a new position in shares of US Foods in the 1st quarter valued at about $331,000. Assenagon Asset Management S.A. boosted its stake in shares of US Foods by 8.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 441,218 shares of the company’s stock valued at $28,882,000 after purchasing an additional 33,607 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of US Foods by 16.0% in the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company’s stock valued at $226,000 after purchasing an additional 478 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

Shares of USFD stock opened at $76.40 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17. The company has a market capitalization of $17.68 billion, a P/E ratio of 35.05, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44. The company’s 50 day moving average price is $72.11 and its two-hundred day moving average price is $69.36. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $79.64.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. On average, analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Dirk J. Locascio sold 15,000 shares of US Foods 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 sale, the executive vice president now directly owns 115,077 shares in the company, valued at $8,630,775. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of US Foods in a research note on Thursday, May 22nd. They issued a “buy” rating and a $95.00 target price on the stock. Morgan Stanley raised their target price 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. Barclays raised their target price on shares of US Foods from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Wall Street Zen raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 24th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $80.00 target price on shares of US Foods in a research note on Monday, May 12th. One equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $76.75.

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.