Islay Capital Management LLC Takes $765,000 Position in US Foods Holding Corp. (NYSE:USFD)

Islay Capital Management LLC bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,333 shares of the company’s stock, valued at approximately $765,000.

Other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board boosted its stake in US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares during the period. Benjamin Edwards Inc. purchased a new position in US Foods during the third quarter valued at $328,000. HighTower Advisors LLC increased its holdings in US Foods by 16.8% in the 3rd quarter. HighTower Advisors LLC now owns 23,419 shares of the company’s stock valued at $1,442,000 after acquiring an additional 3,368 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in US Foods in the 3rd quarter valued at $5,446,000. Finally, Redwood Investment Management LLC boosted its holdings in shares of US Foods by 4.1% during the 3rd quarter. Redwood Investment Management LLC now owns 27,205 shares of the company’s stock valued at $1,637,000 after purchasing an additional 1,066 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on USFD shares. UBS Group lifted their target price on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Piper Sandler lifted their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. Truist Financial boosted their price target 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. Finally, Jefferies Financial Group increased 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. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, US Foods currently has an average rating of “Buy” and an average price target of $71.09.

US Foods Stock Performance

Shares of NYSE:USFD opened at $61.80 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The company has a market capitalization of $14.24 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.03 and a beta of 1.38. The firm’s 50-day moving average is $68.23 and its 200 day moving average is $66.59.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (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 business had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. Research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling at US Foods

In related news, Director David W. Bullock bought 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by corporate 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.