Alberta Investment Management Corp Takes Position in US Foods Holding Corp. (NYSE:USFD)

Alberta Investment Management Corp purchased a new stake in US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,579 shares of the company’s stock, valued at approximately $309,000.

Other large investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of US Foods in the 3rd quarter valued at $31,000. Huntington National Bank raised its stake in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares during the period. Capital Performance Advisors LLP acquired a new stake in US Foods during the 3rd quarter worth $34,000. R Squared Ltd acquired a new stake in US Foods during the 4th quarter worth $34,000. Finally, First Horizon Advisors Inc. raised its stake in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity

In related news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. The trade was a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

US Foods Price Performance

Shares of NYSE USFD opened at $70.13 on Friday. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 1.03 and a beta of 1.67. The business has a 50-day moving average of $69.17 and a 200-day moving average of $64.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. As a group, sell-side analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

USFD has been the topic of several research analyst reports. Truist Financial raised their price objective on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group raised their price objective on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Piper Sandler raised their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Barclays lifted their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $70.33.

About US Foods

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.