Northern Trust Corp Grows Stake in US Foods Holding Corp. (NYSE:USFD)

Northern Trust Corp increased its holdings in US Foods Holding Corp. (NYSE:USFD) by 25.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,029,419 shares of the company’s stock after purchasing an additional 405,871 shares during the period. Northern Trust Corp owned 0.87% of US Foods worth $136,905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. GeoWealth Management LLC boosted its position in shares of US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares during the last quarter. Legacy Investment Solutions LLC purchased a new stake in US Foods in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. R Squared Ltd purchased a new position in shares of US Foods during the fourth quarter valued at about $34,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of US Foods by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock worth $49,000 after purchasing an additional 243 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

US Foods Trading Up 2.4 %

Shares of NYSE USFD opened at $67.89 on Friday. US Foods Holding Corp. has a twelve month low of $50.05 and a twelve month high of $73.19. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $64.94 and a two-hundred day simple moving average of $66.85. The firm has a market cap of $15.65 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on USFD. Truist Financial increased their target price on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Piper Sandler lifted their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Guggenheim restated a “buy” rating and set a $80.00 target price on shares of US Foods in a research report on Monday, April 14th. UBS Group lifted their price target on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, US Foods currently has an average rating of “Buy” and a consensus price target of $71.83.

Insider Buying and Selling at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares of the company’s stock, valued at approximately $319,770. This represents a 800.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.

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.