EverSource Wealth Advisors LLC Grows Stake in US Foods Holding Corp. (NYSE:USFD)

EverSource Wealth Advisors LLC increased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 59.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 477 shares of the company’s stock after purchasing an additional 178 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in US Foods were worth $32,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in shares of US Foods during the 4th quarter worth approximately $34,000. First Horizon Advisors Inc. raised its stake in US Foods by 54.2% during the 3rd 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. Smartleaf Asset Management LLC lifted its position in US Foods by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock valued at $49,000 after acquiring an additional 243 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in US Foods by 38.5% in the fourth quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock valued at $55,000 after acquiring an additional 224 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of US Foods by 112.2% during the fourth quarter. Versant Capital Management Inc now owns 855 shares of the company’s stock worth $58,000 after purchasing an additional 452 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley boosted their target price on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Truist Financial increased 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. Melius Research raised shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. Finally, Piper Sandler raised their price objective on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $71.09.

US Foods Trading Down 2.6 %

NYSE USFD opened at $63.35 on Friday. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The firm has a 50-day moving average price of $68.91 and a 200 day moving average price of $66.09. The stock has a market capitalization of $14.59 billion, a P/E ratio of 31.36, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06.

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

Insiders Place Their Bets

In related news, Director David W. Bullock bought 4,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

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.