Sheets Smith Investment Management Takes Position in US Foods Holding Corp. (NYSE:USFD)

Sheets Smith Investment Management acquired a new stake in US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,381 shares of the company’s stock, valued at approximately $1,375,000.

A number of other hedge funds and other institutional investors have also modified their holdings of USFD. EverSource Wealth Advisors LLC raised its stake in US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after acquiring an additional 178 shares in the last quarter. R Squared Ltd acquired a new stake in US Foods during the 4th quarter worth $34,000. First Horizon Advisors Inc. raised its stake in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in US Foods by 50.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock worth $49,000 after acquiring an additional 243 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its stake in US Foods by 38.5% during the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock worth $55,000 after acquiring an additional 224 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director David W. Bullock acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on USFD. StockNews.com lowered shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday. UBS Group raised their price objective on shares of US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays raised their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Morgan Stanley raised their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Truist Financial raised their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $71.09.

US Foods Stock Up 1.5 %

Shares of NYSE USFD opened at $64.36 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The firm has a 50-day moving average price of $68.85 and a 200 day moving average price of $66.23. The stock has a market capitalization of $14.83 billion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

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.