Cornerstone Investment Partners LLC Grows Holdings in US Foods Holding Corp. (NYSE:USFD)

Cornerstone Investment Partners LLC increased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,823 shares of the company’s stock after buying an additional 1,410 shares during the period. Cornerstone Investment Partners LLC’s holdings in US Foods were worth $932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new stake in shares of US Foods in the 3rd quarter worth about $31,000. Huntington National Bank increased its position in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after purchasing an additional 409 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of US Foods in the 3rd quarter worth about $34,000. R Squared Ltd bought a new stake in shares of US Foods in the 4th quarter worth about $34,000. Finally, First Horizon Advisors Inc. increased its position in shares of US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on USFD. Barclays boosted their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Jefferies Financial Group boosted their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Truist Financial lifted their price target 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. UBS Group lifted their price target on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Piper Sandler lifted their price target on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, US Foods presently has a consensus rating of “Buy” and an average target price of $70.33.

Insider Transactions at US Foods

In related news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.70% of the company’s stock.

US Foods Trading Down 2.2 %

US Foods stock opened at $70.07 on Tuesday. 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 firm has a 50-day moving average price of $69.47 and a two-hundred day moving average price of $65.46. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 1.03 and a beta of 1.67. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm 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%. Sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

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.