AlphaQuest LLC Has $1.30 Million Stock Position in US Foods Holding Corp. (NYSE:USFD)

AlphaQuest LLC reduced its position in shares of US Foods Holding Corp. (NYSE:USFD) by 36.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,218 shares of the company’s stock after selling 10,983 shares during the period. AlphaQuest LLC’s holdings in US Foods were worth $1,296,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in USFD. Public Sector Pension Investment Board raised its position in US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after purchasing an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after buying an additional 2,435,357 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of US Foods during the fourth quarter worth $48,611,000. State Street Corp grew its stake in shares of US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after buying an additional 316,061 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of US Foods by 4.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock worth $420,781,000 after buying an additional 291,016 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David W. Bullock acquired 4,000 shares of the company’s stock in a transaction dated 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 acquisition, the director now owns 4,500 shares of the company’s stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on USFD. UBS Group boosted their target price on shares of US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. 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 note on Friday, February 14th. Piper Sandler boosted their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Melius assumed coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Jefferies Financial Group boosted their price objective on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. 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 company. According to data from MarketBeat.com, US Foods presently has a consensus rating of “Buy” and a consensus price target of $70.33.

US Foods Stock Performance

Shares of USFD opened at $65.64 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $15.12 billion, a P/E ratio of 32.49, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The firm’s fifty day simple moving average is $69.43 and its two-hundred day simple moving average is $65.82. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19.

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