Kovitz Investment Group Partners LLC Purchases New Position in US Foods Holding Corp. (NYSE:USFD)

Kovitz Investment Group Partners LLC acquired a new position in US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,147 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also modified their holdings of the company. Legacy Wealth Asset Management LLC increased its stake in US Foods by 4.0% during the fourth 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 last quarter. Arizona State Retirement System boosted its holdings in shares of US Foods by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock worth $4,549,000 after purchasing an additional 170 shares during the period. EverSource Wealth Advisors LLC increased its position 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. GeoWealth Management LLC raised its holdings in US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after buying an additional 189 shares during the period. Finally, Vestcor Inc lifted its position in US Foods by 1.0% in the fourth quarter. Vestcor Inc now owns 20,200 shares of the company’s stock worth $1,363,000 after buying an additional 195 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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. 0.60% of the stock is owned by company insiders.

US Foods Stock Performance

Shares of USFD stock opened at $67.89 on Friday. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $73.19. The business’s fifty day simple moving average is $64.94 and its 200-day simple moving average is $66.89. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The company has a market cap of $15.65 billion, a PE ratio of 33.61, a PEG ratio of 1.03 and a beta of 1.35.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on USFD shares. Piper Sandler lifted their price target 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. 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. Guggenheim reaffirmed a “buy” rating and set a $80.00 target price on shares of US Foods in a research report on Monday, April 14th. Morgan Stanley increased their price target on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Barclays lifted their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $71.83.

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.