Vise Technologies Inc. purchased a new stake in US Foods Holding Corp. (NYSE:USFD – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,091 shares of the company’s stock, valued at approximately $1,236,000.
Several other hedge funds have also recently modified their holdings of USFD. Measured Wealth Private Client Group LLC purchased a new position in US Foods during the third quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in US Foods in the second quarter worth approximately $39,000. Geneos Wealth Management Inc. lifted its holdings in US Foods by 120.1% during the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after buying an additional 263 shares during the period. Nalls Sherbakoff Group LLC purchased a new stake in US Foods during the fourth quarter worth $36,000. Finally, Western Wealth Management LLC purchased a new stake in US Foods during the first quarter worth $46,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.
US Foods Stock Up 1.0%
USFD stock opened at $109.52 on Friday. The stock has a market capitalization of $23.69 billion, a PE ratio of 33.70, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81. US Foods Holding Corp. has a 52 week low of $69.88 and a 52 week high of $111.42. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.19. The firm has a 50 day moving average of $100.96 and a 200 day moving average of $93.74.
Insiders Place Their Bets
In related news, insider William Spencer Hancock sold 21,754 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $108.29, for a total value of $2,355,740.66. Following the transaction, the insider directly owned 101,144 shares of the company’s stock, valued at $10,952,883.76. This represents a 17.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Randy J. Taylor sold 11,630 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $110.37, for a total value of $1,283,603.10. Following the completion of the transaction, the insider owned 73,618 shares of the company’s stock, valued at $8,125,218.66. This trade represents a 13.64% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is owned by insiders.
Wall Street Analyst Weigh In
USFD has been the subject of several recent research reports. TD Cowen boosted their price target on US Foods from $116.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Guggenheim raised their price objective on US Foods from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Zacks Research raised US Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of US Foods from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.92.
Read Our Latest Stock Report on US Foods
About US Foods
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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