Silver Oak Securities Incorporated Buys New Shares in US Foods Holding Corp. (NYSE:USFD)

Silver Oak Securities Incorporated purchased a new position in US Foods Holding Corp. (NYSE:USFD) during the third quarter, HoldingsChannel reports. The institutional investor purchased 6,852 shares of the company’s stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quent Capital LLC lifted its holdings 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 acquiring an additional 219 shares during the period. Acadian Asset Management LLC purchased a new position in US Foods during the second quarter worth approximately $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of US Foods in the 1st quarter valued at $27,000. International Assets Investment Management LLC acquired a new stake in shares of US Foods during the 2nd quarter worth $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 worth $39,000 after buying an additional 495 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.

US Foods Stock Up 0.0 %

Shares of US Foods stock opened at $60.74 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. US Foods Holding Corp. has a 1-year low of $36.75 and a 1-year high of $63.13. The business has a 50-day moving average of $60.29 and a 200-day moving average of $55.38. The company has a market capitalization of $14.93 billion, a PE ratio of 29.92, a P/E/G ratio of 1.02 and a beta of 1.66.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same period in the prior year, the company posted $0.73 EPS. US Foods’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities analysts forecast that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About US Foods

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.