Financial Gravity Wealth Inc. purchased a new stake in shares of US Foods Holding Corp (NYSE:USFD) during the first quarter, HoldingsChannel reports. The institutional investor purchased 4,671 shares of the company’s stock, valued at approximately $158,000.
Several other hedge funds have also made changes to their positions in USFD. Meeder Asset Management Inc. lifted its stake in US Foods by 181.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,333 shares of the company’s stock worth $109,000 after purchasing an additional 2,148 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in US Foods in the 4th quarter worth approximately $132,000. American International Group Inc. purchased a new stake in US Foods in the 4th quarter worth approximately $137,000. Tower Research Capital LLC TRC lifted its stake in US Foods by 2,909.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,139 shares of the company’s stock worth $196,000 after purchasing an additional 5,935 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in US Foods in the 4th quarter worth approximately $214,000. Institutional investors own 99.03% of the company’s stock.
Shares of US Foods opened at $37.93 on Friday, MarketBeat.com reports. The firm has a market capitalization of $8.13 billion, a PE ratio of 41.68, a P/E/G ratio of 0.76 and a beta of 0.50. US Foods Holding Corp has a one year low of $25.43 and a one year high of $38.39. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.78 and a current ratio of 1.32.
In related news, CEO Pietro Satriano sold 159,574 shares of the stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $34.04, for a total transaction of $5,431,898.96. Following the transaction, the chief executive officer now owns 191,593 shares of the company’s stock, valued at approximately $6,521,825.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Rickard sold 8,588 shares of the stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $37.47, for a total transaction of $321,792.36. Following the transaction, the insider now directly owns 32,130 shares in the company, valued at approximately $1,203,911.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 210,847 shares of company stock worth $7,340,720. 0.57% of the stock is owned by insiders.
Several analysts have issued reports on USFD shares. Zacks Investment Research upgraded shares of US Foods from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research note on Thursday, February 22nd. Credit Suisse Group started coverage on shares of US Foods in a research note on Tuesday, April 17th. They issued an “outperform” rating and a $40.00 target price on the stock. Bank of America increased their target price on shares of US Foods from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, March 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $40.00 target price (up from $38.00) on shares of US Foods in a research note on Friday, March 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of US Foods from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, March 23rd. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. US Foods presently has an average rating of “Buy” and an average price target of $38.43.
US Foods Company Profile
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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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