Legacy Wealth Asset Management LLC Acquires Shares of 3,974 US Foods Holding Corp. (NYSE:USFD)

Legacy Wealth Asset Management LLC bought a new position in shares of US Foods Holding Corp. (NYSE:USFD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,974 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of US Foods during the second quarter worth $25,000. Redmont Wealth Advisors LLC bought a new position in US Foods during the first quarter worth about $27,000. Quent Capital LLC grew its position in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after buying an additional 219 shares during the period. International Assets Investment Management LLC bought a new stake in shares of US Foods in the 2nd quarter valued at about $30,000. Finally, UMB Bank n.a. raised its position in shares of US Foods by 364.0% in the 3rd quarter. UMB Bank n.a. now owns 631 shares of the company’s stock valued at $39,000 after acquiring an additional 495 shares during the period. Institutional investors own 98.76% of the company’s stock.

Insider Activity at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

USFD has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Jefferies Financial Group raised their price objective on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft boosted their target price on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $66.82.

US Foods Stock Up 0.0 %

NYSE:USFD opened at $60.74 on Friday. The company has a market cap of $14.93 billion, a PE ratio of 29.92, a PEG ratio of 1.02 and a beta of 1.66. The stock has a 50-day simple moving average of $60.29 and a 200 day simple moving average of $55.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. US Foods Holding Corp. has a 52-week low of $36.75 and a 52-week high of $63.13.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The business had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that US Foods Holding Corp. will post 2.9 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.