Ethic Inc. Raises Stake in US Foods Holding Corp. (NYSE:USFD)

Ethic Inc. lifted its stake in US Foods Holding Corp. (NYSE:USFD) by 49.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,781 shares of the company’s stock after purchasing an additional 14,489 shares during the quarter. Ethic Inc.’s holdings in US Foods were worth $2,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Boston Partners lifted its stake in US Foods by 0.6% during the 4th quarter. Boston Partners now owns 12,744,006 shares of the company’s stock valued at $860,460,000 after acquiring an additional 77,012 shares during the period. JPMorgan Chase & Co. lifted its position in US Foods by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company’s stock valued at $290,369,000 after purchasing an additional 292,404 shares during the period. Norges Bank purchased a new stake in US Foods in the fourth quarter worth approximately $211,300,000. Artisan Partners Limited Partnership purchased a new stake in US Foods in the fourth quarter worth approximately $171,107,000. Finally, Ameriprise Financial Inc. grew its position in US Foods by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company’s stock worth $144,119,000 after purchasing an additional 36,307 shares during the period. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $80.00 price objective on shares of US Foods in a report on Monday, April 14th. Piper Sandler upped their price target on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. 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 report on Friday, February 14th. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Finally, Morgan Stanley lifted their price target on shares of US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $73.00.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This represents a 800.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

US Foods Trading Down 0.2%

USFD stock opened at $71.64 on Monday. The firm has a fifty day moving average price of $64.89 and a 200 day moving average price of $67.20. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $73.19. The firm has a market cap of $16.51 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 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 $9.35 billion for the quarter, compared to analysts’ expectations of $9.42 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share 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.