Olympiad Research LP Purchases Shares of 2,975 US Foods Holding Corp. $USFD

Olympiad Research LP acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,975 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OMNI 360 Wealth Inc. bought a new stake in shares of US Foods in the second quarter valued at about $276,000. Allianz Asset Management GmbH increased its position in shares of US Foods by 152.6% during the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company’s stock valued at $6,858,000 after purchasing an additional 63,288 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of US Foods in the first quarter valued at $91,087,000. Lecap Asset Management Ltd. bought a new position in US Foods in the second quarter worth $1,195,000. Finally, Voya Investment Management LLC boosted its stake in US Foods by 27.7% during the first quarter. Voya Investment Management LLC now owns 244,629 shares of the company’s stock worth $16,013,000 after buying an additional 53,081 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Trading Down 1.0%

NYSE USFD opened at $72.16 on Friday. US Foods Holding Corp. has a 12 month low of $57.36 and a 12 month high of $85.11. The company has a market cap of $16.09 billion, a PE ratio of 30.07, a PEG ratio of 0.99 and a beta of 1.34. The stock has a 50 day moving average of $75.79 and a 200-day moving average of $76.85. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.02. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

USFD has been the topic of a number of recent research reports. Piper Sandler lifted their price objective on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Wells Fargo & Company reiterated an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of US Foods in a research note on Friday, August 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research report on Tuesday. Finally, UBS Group boosted their price target on shares of US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, US Foods currently has an average rating of “Buy” and a consensus target price of $82.00.

Insider Buying and Selling

In related news, insider Steven Guberman sold 58,632 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the sale, the insider owned 113,410 shares of the company’s stock, valued at $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.