Artisan Partners Limited Partnership Takes Position in US Foods Holding Corp. (NYSE:USFD)

Artisan Partners Limited Partnership purchased a new position in US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,536,416 shares of the company’s stock, valued at approximately $171,107,000. Artisan Partners Limited Partnership owned about 1.09% of US Foods as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in USFD. Advisors Asset Management Inc. grew its holdings in US Foods by 29.6% during the third quarter. Advisors Asset Management Inc. now owns 13,943 shares of the company’s stock valued at $857,000 after purchasing an additional 3,183 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of US Foods by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock worth $105,342,000 after acquiring an additional 109,488 shares during the period. Citigroup Inc. increased its holdings in US Foods by 19.8% in the 3rd quarter. Citigroup Inc. now owns 153,379 shares of the company’s stock worth $9,433,000 after acquiring an additional 25,365 shares during the last quarter. Cerity Partners LLC raised its stake in US Foods by 79.3% in the 3rd quarter. Cerity Partners LLC now owns 33,735 shares of the company’s stock valued at $2,075,000 after acquiring an additional 14,920 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in US Foods during the third quarter worth about $1,141,000. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

NYSE:USFD opened at $65.63 on Thursday. The company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 1.03 and a beta of 1.65. The business has a 50 day moving average of $68.75 and a 200 day moving average of $66.34. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. On average, sell-side analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

USFD has been the topic of a number of analyst reports. Barclays boosted their target price on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial boosted their price objective on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Melius Research raised US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Morgan Stanley increased their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, UBS Group boosted their price objective on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $71.09.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.70% 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.