Venturi Wealth Management LLC Increases Position in US Foods Holding Corp. (NYSE:USFD)

Venturi Wealth Management LLC lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 126.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,488 shares of the company’s stock after buying an additional 831 shares during the period. Venturi Wealth Management LLC’s holdings in US Foods were worth $100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USFD. Ashton Thomas Securities LLC acquired a new position in US Foods in the 3rd quarter valued at $31,000. Huntington National Bank increased its stake in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after acquiring an additional 409 shares during the period. Capital Performance Advisors LLP purchased a new position in US Foods during the third quarter worth about $34,000. R Squared Ltd acquired a new stake in US Foods in the fourth quarter valued at about $34,000. Finally, First Horizon Advisors Inc. boosted its holdings in US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on USFD shares. Barclays increased their target price on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial raised their target price on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Piper Sandler upped their price target on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. 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 note on Monday, December 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $70.33.

US Foods Price Performance

Shares of NYSE:USFD opened at $70.13 on Monday. The company has a market cap of $16.16 billion, a P/E ratio of 34.72, a P/E/G ratio of 1.03 and a beta of 1.67. The business has a fifty day simple moving average of $69.17 and a 200-day simple moving average of $64.84. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. 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 (NYSE:USFD) last posted its quarterly 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 business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. Equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling

In other news, Director David W. Bullock acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost 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 $319,770. This trade represents a 800.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, 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.