Vise Technologies Inc. Invests $380,000 in US Foods Holding Corp. $USFD

Vise Technologies Inc. acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,936 shares of the company’s stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners grew its position in US Foods by 29.1% during the first quarter. Boston Partners now owns 16,457,351 shares of the company’s stock valued at $1,076,225,000 after acquiring an additional 3,713,345 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of US Foods by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock valued at $774,806,000 after purchasing an additional 426,288 shares in the last quarter. Invesco Ltd. grew its holdings in shares of US Foods by 21.8% during the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock valued at $493,964,000 after purchasing an additional 1,350,034 shares during the last quarter. AQR Capital Management LLC raised its position in US Foods by 120.3% in the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock worth $162,853,000 after purchasing an additional 1,385,521 shares during the period. Finally, Primecap Management Co. CA lifted its stake in US Foods by 194.6% in the first quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company’s stock worth $127,084,000 after purchasing an additional 1,282,379 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity at US Foods

In other news, insider Steven Guberman sold 58,632 shares of the company’s stock in a transaction dated 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 directly owned 113,410 shares of the company’s stock, valued at $8,165,520. This represents a 34.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

US Foods Price Performance

USFD stock opened at $71.72 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11. The firm has a 50-day moving average of $75.67 and a 200 day moving average of $76.98. The company has a market cap of $15.99 billion, a P/E ratio of 29.88, a PEG ratio of 0.98 and a beta of 1.34.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. UBS Group raised their price objective on US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Wells Fargo & Company restated an “overweight” rating and issued a $87.00 price objective (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a report on Tuesday. Finally, Piper Sandler boosted their price target on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $82.00.

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.