ExodusPoint Capital Management LP Takes Position in US Foods Holding Corp. (NYSE:USFD)

ExodusPoint Capital Management LP acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 157,850 shares of the company’s stock, valued at approximately $10,649,000. ExodusPoint Capital Management LP owned approximately 0.07% of US Foods at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares in the last quarter. R Squared Ltd purchased a new position in US Foods during the fourth quarter worth about $34,000. Smartleaf Asset Management LLC increased its stake in US Foods by 50.2% in 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 during the last quarter. J.Safra Asset Management Corp raised its holdings in shares of US Foods by 38.5% in the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock valued at $55,000 after acquiring an additional 224 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of US Foods by 112.2% during the 4th quarter. Versant Capital Management Inc now owns 855 shares of the company’s stock valued at $58,000 after acquiring an additional 452 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

US Foods Price Performance

USFD opened at $61.80 on Friday. 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. The stock’s 50 day simple moving average is $68.23 and its 200 day simple moving average is $66.59. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.03 and a beta of 1.38.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. As a group, analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays upped 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. Jefferies Financial Group raised their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Melius initiated coverage on shares of US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price for the company. Piper Sandler raised their price target on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, StockNews.com lowered US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $71.09.

Insider Transactions at US Foods

In other US Foods news, Director David W. Bullock bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now directly owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The purchase 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.

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.