Advisors Asset Management Inc. Acquires 703 Shares of US Foods Holding Corp. $USFD

Advisors Asset Management Inc. boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 3.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,217 shares of the company’s stock after purchasing an additional 703 shares during the quarter. Advisors Asset Management Inc.’s holdings in US Foods were worth $1,711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Securian Asset Management Inc. raised its position in shares of US Foods by 0.7% during the 2nd quarter. Securian Asset Management Inc. now owns 17,618 shares of the company’s stock valued at $1,357,000 after buying an additional 121 shares in the last quarter. Archer Investment Corp increased its stake in US Foods by 8.8% during the second quarter. Archer Investment Corp now owns 1,850 shares of the company’s stock worth $142,000 after acquiring an additional 150 shares during the last quarter. SageView Advisory Group LLC increased its stake in US Foods by 3.9% during the first quarter. SageView Advisory Group LLC now owns 4,096 shares of the company’s stock worth $268,000 after acquiring an additional 153 shares during the last quarter. UMB Bank n.a. raised its position in US Foods by 7.9% during the second quarter. UMB Bank n.a. now owns 2,644 shares of the company’s stock valued at $204,000 after purchasing an additional 193 shares during the period. Finally, V Square Quantitative Management LLC lifted its stake in shares of US Foods by 58.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock valued at $42,000 after purchasing an additional 200 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on USFD shares. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research report on Monday, November 24th. Barclays cut their price objective on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday. Piper Sandler upped their target price on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $87.00 price target (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $82.00.

US Foods Stock Performance

Shares of US Foods stock opened at $78.67 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The stock’s fifty day moving average price is $74.87 and its 200-day moving average price is $77.33. The firm has a market cap of $17.54 billion, a P/E ratio of 32.78, a P/E/G ratio of 1.06 and a beta of 1.34. US Foods Holding Corp. has a 12 month low of $57.36 and a 12 month high of $85.11.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The company had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the transaction, the insider directly owned 113,410 shares of the company’s stock, valued at $8,165,520. This trade represents a 34.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

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.