Dynasty Wealth Management LLC Boosts Stock Position in US Foods Holding Corp. (NYSE:USFD)

Dynasty Wealth Management LLC raised its position in shares of US Foods Holding Corp. (NYSE:USFD) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,467 shares of the company’s stock after purchasing an additional 1,330 shares during the quarter. Dynasty Wealth Management LLC’s holdings in US Foods were worth $1,785,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Retirement Systems of Alabama increased its stake in US Foods by 5.4% in the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after acquiring an additional 17,897 shares during the last quarter. State Street Corp raised its position in US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after purchasing an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of US Foods by 121.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after purchasing an additional 28,232 shares during the period. Jag Capital Management LLC increased its position in shares of US Foods by 3,175.1% during the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after purchasing an additional 164,060 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in US Foods in the third quarter worth $1,141,000. 98.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

USFD has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Melius began coverage on US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target for the company. Jefferies Financial Group lifted their target price on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Truist Financial boosted their price objective on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Barclays increased their price objective on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $70.33.

Insider Activity at US Foods

In other news, Director David W. Bullock purchased 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is owned by insiders.

US Foods Price Performance

NYSE USFD opened at $70.22 on Friday. The firm’s fifty day simple moving average is $69.32 and its two-hundred day simple moving average is $65.14. 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 firm has a market capitalization of $16.18 billion, a P/E ratio of 34.76, a P/E/G ratio of 1.03 and a beta of 1.67.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.03% and a net margin of 1.30%. Analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal 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.