LMR Partners LLP Grows Position in US Foods Holding Corp. (NYSE:USFD)

LMR Partners LLP boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 16.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 286,813 shares of the company’s stock after acquiring an additional 40,000 shares during the period. LMR Partners LLP’s holdings in US Foods were worth $19,348,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of USFD. Boston Partners increased its position in US Foods by 0.6% during the fourth quarter. Boston Partners now owns 12,744,006 shares of the company’s stock valued at $860,460,000 after acquiring an additional 77,012 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in US Foods by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company’s stock valued at $290,369,000 after purchasing an additional 292,404 shares during the last quarter. Norges Bank purchased a new stake in US Foods in the 4th quarter worth about $211,300,000. Artisan Partners Limited Partnership purchased a new stake in US Foods in the 4th quarter worth about $171,107,000. Finally, Ameriprise Financial Inc. lifted its stake in US Foods by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company’s stock worth $144,119,000 after purchasing an additional 36,307 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Down 0.2%

NYSE:USFD opened at $71.64 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The firm has a market cap of $16.51 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 1.03 and a beta of 1.35. The company has a 50-day moving average of $64.89 and a 200 day moving average of $67.20. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $73.50.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The business had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. US Foods’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. As a group, research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on USFD shares. Piper Sandler upped their target price on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. UBS Group upped their price objective on US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim reiterated a “buy” rating and set a $80.00 target price on shares of US Foods in a research report on Monday, April 14th. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 22nd. Finally, Truist Financial lifted their price objective 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. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $73.00.

Insider Buying and Selling at US Foods

In other news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at $319,770. This represents a 800.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

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.