Artemis Investment Management LLP Acquires Shares of 389,123 US Foods Holding Corp. (NYSE:USFD)

Artemis Investment Management LLP acquired a new stake in US Foods Holding Corp. (NYSE:USFD) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 389,123 shares of the company’s stock, valued at approximately $20,997,000. Artemis Investment Management LLP owned about 0.16% of US Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in US Foods in the first quarter valued at approximately $30,000. Blue Trust Inc. bought a new position in US Foods in the fourth quarter valued at approximately $30,000. GAMMA Investing LLC bought a new position in US Foods in the fourth quarter valued at approximately $41,000. Anchor Investment Management LLC bought a new position in US Foods in the fourth quarter valued at approximately $47,000. Finally, Quarry LP bought a new position in US Foods in the fourth quarter valued at approximately $55,000. 98.76% of the stock is owned by institutional investors.

US Foods Trading Down 0.3 %

USFD opened at $52.98 on Friday. The stock has a market capitalization of $13.03 billion, a P/E ratio of 26.10, a P/E/G ratio of 0.87 and a beta of 1.60. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $55.98. The firm’s fifty day simple moving average is $53.00 and its 200 day simple moving average is $50.34. The company has a current ratio of 1.31, a quick ratio of 0.81 and a debt-to-equity ratio of 0.95.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on USFD. JPMorgan Chase & Co. lifted their price target on shares of US Foods from $52.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. BMO Capital Markets reissued an “outperform” rating and set a $62.00 price target (up from $58.00) on shares of US Foods in a research report on Friday, May 10th. Truist Financial lifted their price target on shares of US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. BTIG Research lifted their price target on shares of US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Piper Sandler lifted their price target on shares of US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $62.00.

US Foods Company 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.