State of Wyoming Buys 11,355 Shares of US Foods Holding Corp. $USFD

by · The Markets Daily

State of Wyoming boosted its stake in US Foods Holding Corp. (NYSE:USFD – Free Report) by 159.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,462 shares of the company’s stock after purchasing an additional 11,355 shares during the quarter. State of Wyoming’s holdings in US Foods were worth $1,422,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Securian Asset Management Inc. increased its holdings in US Foods by 0.7% in the 2nd quarter. Securian Asset Management Inc. now owns 17,618 shares of the company’s stock valued at $1,357,000 after buying an additional 121 shares during the period. Archer Investment Corp boosted its position in shares of US Foods by 8.8% during the 2nd quarter. Archer Investment Corp now owns 1,850 shares of the company’s stock worth $142,000 after acquiring an additional 150 shares in the last quarter. SageView Advisory Group LLC increased its stake in US Foods by 3.9% in the first quarter. SageView Advisory Group LLC now owns 4,096 shares of the company’s stock valued at $268,000 after acquiring an additional 153 shares during the last quarter. Benjamin Edwards Inc. raised its position in US Foods by 3.3% during the second quarter. Benjamin Edwards Inc. now owns 5,854 shares of the company’s stock valued at $451,000 after purchasing an additional 185 shares in the last quarter. Finally, UMB Bank n.a. raised its position in US Foods by 7.9% during the second quarter. UMB Bank n.a. now owns 2,644 shares of the company’s stock valued at $204,000 after purchasing an additional 193 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on USFD. Barclays decreased their price target on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Piper Sandler increased their target price on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, US Foods presently has an average rating of “Buy” and an average price target of $82.00.

Check Out Our Latest Analysis on US Foods

Insider Activity at US Foods

In other news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the transaction, the insider owned 113,410 shares in the company, valued at approximately $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

US Foods Price Performance

US Foods stock opened at $76.61 on Friday. The stock has a 50-day moving average price of $74.77 and a two-hundred day moving average price of $77.31. US Foods Holding Corp. has a 12 month low of $57.36 and a 12 month high of $85.11. The company has a market capitalization of $17.08 billion, a PE ratio of 31.92, a P/E/G ratio of 1.03 and a beta of 1.03. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

US Foods (NYSE:USFD – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

US Foods Profile

(Free Report)

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.

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