Handelsbanken Fonder AB Acquires 12,400 Shares of US Foods Holding Corp. (NYSE:USFD)

Handelsbanken Fonder AB increased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 41.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,341 shares of the company’s stock after purchasing an additional 12,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in US Foods were worth $1,923,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Naples Money Management LLC bought a new stake in US Foods during the 4th quarter worth approximately $2,282,000. Wright Investors Service Inc. acquired a new position in US Foods during the 4th quarter worth approximately $891,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in US Foods by 11.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,907 shares of the company’s stock worth $2,266,000 after acquiring an additional 4,983 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new position in US Foods during the 4th quarter worth approximately $18,555,000. Finally, Mackenzie Financial Corp boosted its position in US Foods by 7.2% during the 4th quarter. Mackenzie Financial Corp now owns 287,758 shares of the company’s stock worth $13,067,000 after acquiring an additional 19,217 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

US Foods Trading Up 1.8 %

Shares of US Foods stock opened at $51.35 on Friday. The business has a fifty day simple moving average of $52.00 and a two-hundred day simple moving average of $46.37. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $54.94. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 0.85 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (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 business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. Research analysts forecast that US Foods Holding Corp. will post 2.9 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on USFD shares. Truist Financial upped their price target on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. increased their price objective on US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. BMO Capital Markets increased their price objective on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, February 16th. UBS Group raised US Foods from a “neutral” rating to a “buy” rating and increased their price objective for the company from $47.00 to $64.00 in a report on Tuesday, February 20th. Finally, StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $54.92.

Insider Buying and Selling at US Foods

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% 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.