Westover Capital Advisors LLC Boosts Stock Position in US Foods Holding Corp. (NYSE:USFD)

Westover Capital Advisors LLC lifted its holdings in US Foods Holding Corp. (NYSE:USFD) by 199.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,722 shares of the company’s stock after purchasing an additional 17,125 shares during the quarter. Westover Capital Advisors LLC’s holdings in US Foods were worth $1,735,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of USFD. International Assets Investment Management LLC boosted its stake in US Foods by 2,853.8% during the third quarter. International Assets Investment Management LLC now owns 16,482 shares of the company’s stock worth $1,014,000 after buying an additional 15,924 shares during the period. First Trust Direct Indexing L.P. boosted its stake in US Foods by 31.5% during the third quarter. First Trust Direct Indexing L.P. now owns 6,386 shares of the company’s stock worth $393,000 after buying an additional 1,528 shares during the period. US Bancorp DE boosted its stake in US Foods by 217.6% during the third quarter. US Bancorp DE now owns 30,404 shares of the company’s stock worth $1,870,000 after buying an additional 20,831 shares during the period. Stephens Inc. AR boosted its stake in US Foods by 12.5% during the third quarter. Stephens Inc. AR now owns 6,017 shares of the company’s stock worth $370,000 after buying an additional 669 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in US Foods by 4.0% during the third quarter. Janney Montgomery Scott LLC now owns 17,940 shares of the company’s stock worth $1,103,000 after buying an additional 692 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

USFD has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Melius Research raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Barclays lifted their price objective 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 lifted their target price on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their target price on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $70.33.

US Foods Stock Performance

USFD stock opened at $70.07 on Tuesday. 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 business has a 50-day moving average price of $69.47 and a 200 day moving average price of $65.46. The company has a market capitalization of $16.14 billion, a P/E ratio of 34.69, a PEG ratio of 1.03 and a beta of 1.67. 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 released its quarterly earnings data 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 firm 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%. As a group, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction on Tuesday, February 18th. The stock was acquired at an average cost 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 $319,770. This trade represents a 800.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate 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.