23,850 Shares in US Foods Holding Corp. (NYSE:USFD) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,850 shares of the company’s stock, valued at approximately $1,609,000.

A number of other large investors have also recently added to or reduced their stakes in USFD. Wedmont Private Capital bought a new stake in shares of US Foods in the 4th quarter valued at about $200,000. Pallas Capital Advisors LLC bought a new stake in US Foods in the fourth quarter valued at approximately $451,000. Assenagon Asset Management S.A. raised its stake in US Foods by 94.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 407,611 shares of the company’s stock valued at $27,497,000 after buying an additional 198,432 shares during the period. Park Avenue Securities LLC lifted its position in shares of US Foods by 11.9% in the fourth quarter. Park Avenue Securities LLC now owns 7,147 shares of the company’s stock valued at $482,000 after buying an additional 762 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its stake in shares of US Foods by 4.0% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Buying and Selling at US Foods

In related news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares of the company’s stock, valued at approximately $319,770. This trade represents a 800.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.60% of the company’s stock.

US Foods Stock Performance

NYSE USFD opened at $74.56 on Thursday. The firm has a 50-day moving average price of $65.30 and a two-hundred day moving average price of $67.38. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $75.00. The company has a market capitalization of $17.19 billion, a P/E ratio of 36.91, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on USFD shares. Truist Financial increased their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Barclays raised their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. UBS Group upped their price target on shares of US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Finally, Guggenheim reissued a “buy” rating and issued a $80.00 price target on shares of US Foods in a report on Monday. One analyst has rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, US Foods presently has an average rating of “Buy” and an average target price of $73.00.

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.