Naples Money Management LLC Acquires Shares of 50,253 US Foods Holding Corp. (NYSE:USFD)

Naples Money Management LLC acquired a new stake in US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 50,253 shares of the company’s stock, valued at approximately $2,282,000. US Foods makes up 2.1% of Naples Money Management LLC’s holdings, making the stock its 18th largest position.

Several other large investors also recently added to or reduced their stakes in USFD. BlackRock Inc. boosted its position in US Foods by 110.7% in the 1st quarter. BlackRock Inc. now owns 18,025,965 shares of the company’s stock valued at $665,879,000 after buying an additional 9,471,020 shares during the period. Victory Capital Management Inc. raised its holdings in shares of US Foods by 189.6% in the 3rd quarter. Victory Capital Management Inc. now owns 4,651,686 shares of the company’s stock valued at $184,672,000 after purchasing an additional 3,045,213 shares in the last quarter. State Street Corp raised its holdings in shares of US Foods by 75.8% in the 1st quarter. State Street Corp now owns 5,756,405 shares of the company’s stock valued at $212,642,000 after purchasing an additional 2,481,753 shares in the last quarter. Norges Bank bought a new stake in shares of US Foods in the 4th quarter valued at about $68,956,000. Finally, Sessa Capital IM L.P. bought a new stake in shares of US Foods in the 4th quarter valued at about $50,355,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BMO Capital Markets boosted their price target on shares of US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, February 16th. BTIG Research boosted their price target on shares of US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. UBS Group upgraded shares of US Foods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $47.00 to $64.00 in a report on Tuesday, February 20th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Finally, Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $59.00 in a research note on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $54.92.

US Foods Stock Performance

NYSE:USFD traded up $0.08 during trading hours on Friday, hitting $50.03. 1,511,464 shares of the company were exchanged, compared to its average volume of 1,741,500. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 0.84 and a beta of 1.58. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $54.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78. The company’s 50 day moving average price is $51.74 and its 200-day moving average price is $46.02.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.81 billion. US Foods had a return on equity of 13.41% and a net margin of 1.42%. As a group, research analysts forecast that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the sale, the executive vice president now owns 148,561 shares of the company’s stock, valued at approximately $7,802,423.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

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.