Envestnet Portfolio Solutions Inc. Buys 2,977 Shares of US Foods Holding Corp. (NYSE:USFD)

Envestnet Portfolio Solutions Inc. raised its position in shares of US Foods Holding Corp. (NYSE:USFD) by 22.5% during the fourth quarter, HoldingsChannel reports. The fund owned 16,204 shares of the company’s stock after acquiring an additional 2,977 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in US Foods were worth $1,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Sector Pension Investment Board grew its position in US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after acquiring an additional 2,500,000 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of US Foods by 25.2% in the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after purchasing an additional 2,435,357 shares during the last quarter. Raymond James Financial Inc. purchased a new position in US Foods in the 4th quarter worth about $48,611,000. State Street Corp boosted its position in US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares during the period. Finally, Geode Capital Management LLC grew its stake in US Foods by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after acquiring an additional 241,900 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on USFD. Barclays boosted their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial lifted their price objective on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Piper Sandler raised their target price on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley lifted their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, UBS Group upped their target price on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $71.09.

US Foods Price Performance

Shares of NYSE USFD opened at $64.36 on Friday. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The company has a market cap 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 business has a 50-day simple moving average of $68.85 and a two-hundred day simple moving average of $66.18.

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

Insider Buying and Selling

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by company insiders.

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.