Sheets Smith Investment Management Takes $1.38 Million Position in US Foods Holding Corp. (NYSE:USFD)

Sheets Smith Investment Management bought a new stake in US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,381 shares of the company’s stock, valued at approximately $1,375,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. United Services Automobile Association raised its holdings in US Foods by 5.8% in the fourth quarter. United Services Automobile Association now owns 15,909 shares of the company’s stock valued at $1,073,000 after acquiring an additional 867 shares in the last quarter. Cannon Global Investment Management LLC acquired a new stake in US Foods in the fourth quarter valued at $675,000. LPL Financial LLC raised its holdings in US Foods by 12.1% in the fourth quarter. LPL Financial LLC now owns 108,598 shares of the company’s stock valued at $7,326,000 after acquiring an additional 11,735 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in US Foods in the fourth quarter valued at $3,218,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in US Foods in the fourth quarter valued at $758,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other US Foods news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the transaction, the director now owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

US Foods Stock Performance

Shares of USFD opened at $64.36 on Monday. The firm has a 50-day moving average price of $68.85 and a 200 day moving average price of $66.23. The firm has a market capitalization of $14.83 billion, a PE ratio of 31.86, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. 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 announced 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 company had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on USFD. UBS Group upped 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. Truist Financial increased their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Melius Research raised shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Barclays increased their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.09.

US Foods Company 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.