Quantbot Technologies LP Acquires Shares of 14,847 US Foods Holding Corp. (NYSE:USFD)

Quantbot Technologies LP bought a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,847 shares of the company’s stock, valued at approximately $1,002,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board boosted its stake in US Foods by 100.2% during 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. Wellington Management Group LLP boosted its stake in shares of US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after buying an additional 2,435,357 shares during the period. Raymond James Financial Inc. purchased a new position in shares of US Foods during the fourth quarter worth about $48,611,000. Primecap Management Co. CA increased its position in US Foods by 129.3% in the 4th quarter. Primecap Management Co. CA now owns 659,021 shares of the company’s stock valued at $44,458,000 after acquiring an additional 371,613 shares during the period. Finally, State Street Corp raised its stake in US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after acquiring an additional 316,061 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

USFD has been the topic of several analyst reports. Morgan Stanley lifted their target price on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Piper Sandler boosted 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. Truist Financial lifted their target price on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” 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. Finally, UBS Group lifted their price objective on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $71.09.

US Foods Stock Performance

Shares of USFD stock opened at $65.22 on Wednesday. The stock has a fifty day moving average price of $68.80 and a 200 day moving average price of $66.34. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The stock has a market cap of $15.03 billion, a PE ratio of 32.29, a P/E/G ratio of 1.03 and a beta of 1.65. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19.

US Foods (NYSE:USFD) last released its quarterly 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). The firm had revenue of $9.49 billion for 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%. Sell-side analysts forecast 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.