DekaBank Deutsche Girozentrale Purchases 1,867 Shares of US Foods Holding Corp. (NYSE:USFD)

DekaBank Deutsche Girozentrale raised its position in shares of US Foods Holding Corp. (NYSE:USFD) by 122.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,389 shares of the company’s stock after purchasing an additional 1,867 shares during the period. DekaBank Deutsche Girozentrale’s holdings in US Foods were worth $180,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of USFD. Norges Bank acquired a new position in shares of US Foods during the 4th quarter worth $108,316,000. Vanguard Group Inc. boosted its stake in shares of US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after purchasing an additional 796,434 shares in the last quarter. Boston Partners boosted its stake in shares of US Foods by 3.5% in the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after purchasing an additional 566,277 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of US Foods by 5.1% during the 2nd quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock valued at $550,111,000 after purchasing an additional 500,129 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in US Foods during the 1st quarter worth approximately $22,937,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on USFD. Wells Fargo & Company raised their target price on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday. Piper Sandler boosted their price objective on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft upped their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Truist Financial lifted their price target on US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, JPMorgan Chase & Co. upped their price objective on US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.40.

US Foods Price Performance

Shares of NYSE USFD opened at $61.58 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $15.06 billion, a PE ratio of 30.34, a P/E/G ratio of 1.00 and a beta of 1.66. The firm has a fifty day simple moving average of $56.07 and a 200 day simple moving average of $53.91. US Foods Holding Corp. has a twelve month low of $35.66 and a twelve month high of $62.34.

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