US Foods Holding Corp. (NYSE:USFD) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its position in US Foods Holding Corp. (NYSE:USFD) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 753,704 shares of the company’s stock after purchasing an additional 1,622 shares during the quarter. Rhumbline Advisers owned approximately 0.32% of US Foods worth $50,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of USFD. Ashton Thomas Securities LLC acquired a new stake in US Foods during the 3rd quarter worth $31,000. R Squared Ltd purchased a new stake in shares of US Foods in the fourth quarter valued at about $34,000. Huntington National Bank boosted its holdings in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in US Foods during the third quarter worth about $34,000. Finally, First Horizon Advisors Inc. raised its position in US Foods by 54.2% during the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Performance

Shares of USFD opened at $71.25 on Tuesday. The firm has a 50-day moving average price of $69.05 and a 200 day moving average price of $64.30. The firm has a market capitalization of $16.60 billion, a PE ratio of 30.58, a P/E/G ratio of 0.95 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a 52-week low of $45.24 and a 52-week high of $73.00.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.54% and a return on equity of 14.15%. The business had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 2.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Melius assumed coverage on shares of US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. upped their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group upped their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $70.17.

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.