XTX Topco Ltd Makes New Investment in US Foods Holding Corp. (NYSE:USFD)

XTX Topco Ltd purchased a new position in US Foods Holding Corp. (NYSE:USFD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 28,489 shares of the company’s stock, valued at approximately $1,509,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC acquired a new position in shares of US Foods in the 2nd quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of US Foods in the first quarter valued at about $27,000. International Assets Investment Management LLC acquired a new position in shares of US Foods in the second quarter valued at about $30,000. Rise Advisors LLC purchased a new position in shares of US Foods in the first quarter worth about $30,000. Finally, Headlands Technologies LLC acquired a new stake in shares of US Foods during the first quarter worth about $50,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

USFD has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. increased their price target on US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday. StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 14th. Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Piper Sandler lifted their price target on US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.40.

US Foods Price Performance

US Foods stock opened at $61.95 on Friday. The company’s fifty day moving average price is $55.89 and its 200 day moving average price is $53.84. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $62.34. The stock has a market capitalization of $15.15 billion, a P/E ratio of 30.52, a P/E/G ratio of 1.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. The company had revenue of $9.71 billion for 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%. US Foods’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 earnings per share. As a group, equities research analysts anticipate that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

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.