NBC Securities Inc. Makes New $121,000 Investment in US Foods Holding Corp. (NYSE:USFD)

NBC Securities Inc. purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,250 shares of the company’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in shares of US Foods by 4.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 11,049 shares of the company’s stock worth $439,000 after buying an additional 428 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of US Foods during the 3rd quarter worth approximately $61,000. Envestnet Asset Management Inc. lifted its position in shares of US Foods by 2.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 143,138 shares of the company’s stock worth $5,683,000 after buying an additional 3,454 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of US Foods during the 3rd quarter worth approximately $252,000. Finally, Hsbc Holdings PLC lifted its position in shares of US Foods by 1,398.0% during the 3rd quarter. Hsbc Holdings PLC now owns 93,926 shares of the company’s stock worth $3,742,000 after buying an additional 87,656 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on USFD shares. Wells Fargo & Company boosted their price objective on shares of US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Barclays upped their price target on shares of US Foods from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. UBS Group upped their price target on shares of US Foods from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, May 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price target (up previously from $58.00) on shares of US Foods in a research report on Friday, May 10th. Finally, Truist Financial upped their price target on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, US Foods currently has an average rating of “Buy” and an average price target of $62.00.

US Foods Stock Performance

NYSE:USFD opened at $53.44 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.95. US Foods Holding Corp. has a fifty-two week low of $35.66 and a fifty-two week high of $55.98. The stock has a market cap of $13.14 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 0.87 and a beta of 1.60. The firm’s fifty day simple moving average is $52.65 and its 200-day simple moving average is $50.10.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.93 billion. US Foods had a net margin of 1.41% and a return on equity of 13.08%. Analysts expect that US Foods Holding Corp. will post 2.92 earnings per share for the current fiscal year.

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.