Cerity Partners LLC Invests $897,000 in US Foods Holding Corp. (NYSE:USFD)

Cerity Partners LLC bought a new stake in US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,755 shares of the company’s stock, valued at approximately $897,000.

A number of other institutional investors have also added to or reduced their stakes in USFD. Blue Trust Inc. acquired a new stake in shares of US Foods in the fourth quarter valued at approximately $30,000. Fifth Third Bancorp increased its holdings in shares of US Foods by 36.1% in the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock valued at $47,000 after purchasing an additional 316 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of US Foods in the fourth quarter valued at about $47,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of US Foods during the 3rd quarter worth about $61,000. Finally, Global Retirement Partners LLC grew its stake in US Foods by 95.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,564 shares of the company’s stock valued at $72,000 after buying an additional 762 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the transaction, the executive vice president now owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by insiders.

US Foods Price Performance

USFD stock opened at $50.45 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The firm has a market cap of $12.37 billion, a P/E ratio of 24.98, a P/E/G ratio of 0.84 and a beta of 1.58. The company’s 50-day moving average price is $51.74 and its two-hundred day moving average price is $46.12. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $54.94.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a net margin of 1.42% and a return on equity of 13.41%. The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. On average, analysts anticipate that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on USFD. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. UBS Group upgraded US Foods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $47.00 to $64.00 in a research note on Tuesday, February 20th. BMO Capital Markets lifted their target price on US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and upped their price target for the company from $45.00 to $59.00 in a research note on Tuesday, February 20th. Finally, BTIG Research lifted their price objective on shares of US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $54.92.

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.