Primecap Management Co. CA Purchases Shares of 117,099 US Foods Holding Corp. (NYSE:USFD)

Primecap Management Co. CA acquired a new stake in US Foods Holding Corp. (NYSE:USFD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 117,099 shares of the company’s stock, valued at approximately $6,204,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in US Foods in the 2nd quarter valued at about $25,000. Redmont Wealth Advisors LLC acquired a new stake in US Foods in the first quarter valued at approximately $27,000. Rise Advisors LLC purchased a new position in US Foods in the first quarter worth approximately $30,000. International Assets Investment Management LLC acquired a new position in US Foods during the 2nd quarter worth approximately $30,000. Finally, Headlands Technologies LLC purchased a new stake in shares of US Foods in the 1st quarter valued at approximately $50,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on USFD. Truist Financial lifted their price objective 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. JPMorgan Chase & Co. upped their price objective on US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 14th. Finally, Wells Fargo & Company raised their price objective on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, US Foods presently has a consensus rating of “Moderate Buy” and an average target price of $66.40.

Insider Buying and Selling at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

US Foods Stock Down 0.5 %

USFD stock opened at $60.88 on Thursday. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $62.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The company has a market cap of $14.89 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. The company has a fifty day moving average price of $55.69 and a 200 day moving average price of $53.78.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Sell-side analysts expect that US Foods Holding Corp. will post 2.9 earnings per share for the current 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.