NewEdge Wealth LLC Has $1.53 Million Stock Position in US Foods Holding Corp. (NYSE:USFD)

NewEdge Wealth LLC lessened its stake in US Foods Holding Corp. (NYSE:USFD) by 35.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,689 shares of the company’s stock after selling 12,426 shares during the quarter. NewEdge Wealth LLC’s holdings in US Foods were worth $1,531,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of USFD. Ashton Thomas Securities LLC acquired a new position in shares of US Foods in the 3rd quarter valued at approximately $31,000. Huntington National Bank raised its position in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after purchasing an additional 409 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in US Foods during the third quarter worth $34,000. R Squared Ltd acquired a new stake in shares of US Foods in the 4th quarter valued at $34,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of 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. Institutional investors own 98.76% of the company’s stock.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Melius Research upgraded US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. increased their target price 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. Barclays lifted their price target 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. Piper Sandler increased their price objective on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Truist Financial boosted their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $70.33.

US Foods Stock Performance

Shares of US Foods stock opened at $71.72 on Friday. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 1.03 and a beta of 1.67. 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 Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The company’s fifty day moving average is $69.47 and its 200 day moving average is $65.31.

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

US Foods 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.