Y Intercept Hong Kong Ltd Decreases Stock Position in US Foods Holding Corp. (NYSE:USFD)

Y Intercept Hong Kong Ltd lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 48.5% during the fourth quarter, Holdings Channel reports. The firm owned 14,360 shares of the company’s stock after selling 13,547 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in US Foods were worth $969,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in US Foods during the 3rd quarter valued at approximately $31,000. Huntington National Bank boosted its position in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after purchasing an additional 409 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of US Foods in the 3rd quarter worth approximately $34,000. R Squared Ltd bought a new position in US Foods in the 4th quarter valued at approximately $34,000. Finally, First Horizon Advisors Inc. lifted its position in US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on USFD shares. Truist Financial upped their price objective on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Melius assumed coverage on US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price on the stock. Melius Research raised US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Piper Sandler raised their price target on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $70.33.

Insiders Place Their Bets

In other news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

US Foods Price Performance

NYSE:USFD opened at $70.22 on Friday. US Foods Holding Corp. has a one year low of $49.65 and a one year high of $73.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.03 and a beta of 1.67. The firm’s fifty day moving average is $69.32 and its two-hundred day moving average is $65.14.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. Research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current 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.