Verdence Capital Advisors LLC Increases Stake in US Foods Holding Corp. (NYSE:USFD)

Verdence Capital Advisors LLC increased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 377.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,864 shares of the company’s stock after buying an additional 47,334 shares during the period. Verdence Capital Advisors LLC’s holdings in US Foods were worth $4,038,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Legacy Wealth Asset Management LLC boosted its position in US Foods by 4.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock valued at $279,000 after purchasing an additional 160 shares in the last quarter. Bank of Montreal Can boosted its position in US Foods by 0.3% during the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after purchasing an additional 171 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in US Foods by 2.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock worth $588,000 after acquiring an additional 206 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in US Foods by 38.5% in the fourth quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock worth $55,000 after acquiring an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on USFD shares. JPMorgan Chase & Co. raised their price target on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Truist Financial raised their price target on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group raised their price target on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Barclays raised their price target on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, UBS Group raised their price target on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $70.33.

Insider Activity at US Foods

In related news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.70% of the stock is owned by company insiders.

US Foods Stock Down 2.5 %

Shares of USFD stock opened at $68.36 on Wednesday. The stock has a 50 day moving average of $69.52 and a 200 day moving average of $65.55. 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 cap of $15.75 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.03 and a beta of 1.65. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19.

US Foods (NYSE:USFD) last announced its quarterly 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 net margin of 1.30% and a return on equity of 15.03%. As a group, sell-side analysts expect 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.