Avantax Advisory Services Inc. Grows Position in US Foods Holding Corp. (NYSE:USFD)

Avantax Advisory Services Inc. increased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 121.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,131 shares of the company’s stock after buying an additional 6,108 shares during the period. Avantax Advisory Services Inc.’s holdings in US Foods were worth $751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Retirement Systems of Alabama raised its stake in US Foods by 5.4% in the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock valued at $21,462,000 after purchasing an additional 17,897 shares during the last quarter. State Street Corp increased its stake in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after acquiring an additional 316,061 shares during the last quarter. Longbow Finance SA acquired a new stake in shares of US Foods in the 4th quarter worth $9,001,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of US Foods in the 3rd quarter worth $1,141,000. Finally, Verition Fund Management LLC increased its stake in shares of US Foods by 14.6% in the 3rd quarter. Verition Fund Management LLC now owns 885,606 shares of the company’s stock worth $54,465,000 after acquiring an additional 112,701 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity

In other news, Director David W. Bullock bought 4,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the purchase, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by corporate insiders.

US Foods Stock Down 2.6 %

Shares of US Foods stock opened at $63.35 on Friday. The business’s fifty day moving average price is $68.91 and its two-hundred day moving average price is $66.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The company has a market capitalization of $14.59 billion, a P/E ratio of 31.36, a PEG ratio of 1.03 and a beta of 1.65. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. As a group, research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

Analysts Set New Price Targets

USFD has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Piper Sandler lifted their price objective on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Barclays boosted their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $71.09.

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.