US Foods Holding Corp (NYSE:USFD) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.38 and last traded at $39.18, with a volume of 1096327 shares changing hands. The stock had previously closed at $38.05.
Several analysts have recently issued reports on USFD shares. Buckingham Research upgraded shares of US Foods from a “neutral” rating to a “buy” rating and lifted their target price for the company from $32.00 to $48.00 in a research report on Wednesday, May 8th. Zacks Investment Research downgraded shares of US Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Pivotal Research reissued a “hold” rating and issued a $32.00 price target on shares of US Foods in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.40.
The company’s 50 day moving average price is $36.38 and its two-hundred day moving average price is $35.85. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 0.80. The stock has a market capitalization of $8.34 billion, a PE ratio of 19.30, a P/E/G ratio of 2.05 and a beta of 0.58.
In other US Foods news, insider Keith D. Rohland sold 62,780 shares of US Foods stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $36.60, for a total transaction of $2,297,748.00. Following the transaction, the insider now directly owns 82,464 shares of the company’s stock, valued at $3,018,182.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven Guberman sold 4,434 shares of US Foods stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $36.42, for a total transaction of $161,486.28. Following the transaction, the executive vice president now directly owns 37,013 shares in the company, valued at $1,348,013.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,257 shares of company stock worth $3,303,069. Insiders own 0.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Longview Partners Guernsey LTD raised its stake in US Foods by 11.2% during the second quarter. Longview Partners Guernsey LTD now owns 16,865,690 shares of the company’s stock worth $603,117,000 after purchasing an additional 1,702,792 shares during the period. BlackRock Inc. raised its stake in US Foods by 0.3% during the first quarter. BlackRock Inc. now owns 9,268,055 shares of the company’s stock worth $323,547,000 after purchasing an additional 25,002 shares during the period. Invesco Ltd. raised its stake in US Foods by 4.8% during the second quarter. Invesco Ltd. now owns 8,347,302 shares of the company’s stock worth $298,500,000 after purchasing an additional 380,511 shares during the period. Eminence Capital LP raised its stake in US Foods by 8.8% during the second quarter. Eminence Capital LP now owns 6,772,233 shares of the company’s stock worth $242,175,000 after purchasing an additional 547,512 shares during the period. Finally, Marshall Wace North America L.P. raised its stake in US Foods by 4.9% during the second quarter. Marshall Wace North America L.P. now owns 5,704,112 shares of the company’s stock worth $203,979,000 after purchasing an additional 268,974 shares during the period. 95.66% of the stock is currently owned by institutional investors.
About US Foods (NYSE:USFD)
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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