Norges Bank Purchases New Holdings in US Foods Holding Corp. (NYSE:USFD)

Norges Bank acquired a new position in US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,132,223 shares of the company’s stock, valued at approximately $211,300,000.

Several other large investors have also recently bought and sold shares of USFD. Legacy Wealth Asset Management LLC raised its position in shares of US Foods by 4.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after acquiring an additional 160 shares during the last quarter. Arizona State Retirement System raised its holdings in US Foods by 0.3% during the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock worth $4,549,000 after purchasing an additional 170 shares during the last quarter. Bank of Montreal Can lifted its position in US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after purchasing an additional 171 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. Finally, Vestcor Inc grew its position in shares of US Foods by 1.0% during the 4th quarter. Vestcor Inc now owns 20,200 shares of the company’s stock worth $1,363,000 after buying an additional 195 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity at US Foods

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on USFD. UBS Group increased their price objective on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. Morgan Stanley raised their price target on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Piper Sandler upped their price objective on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Jefferies Financial Group raised their target price on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 22nd. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $71.09.

US Foods Stock Down 1.2 %

US Foods stock opened at $64.49 on Monday. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average of $68.62 and a 200-day moving average of $66.50. The stock has a market capitalization of $14.86 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

US Foods 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.