Pictet Asset Management Holding SA Purchases 3,257 Shares of US Foods Holding Corp. (NYSE:USFD)

Pictet Asset Management Holding SA boosted its position in US Foods Holding Corp. (NYSE:USFD) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,637 shares of the company’s stock after buying an additional 3,257 shares during the quarter. Pictet Asset Management Holding SA’s holdings in US Foods were worth $2,269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after purchasing an additional 178 shares during the period. R Squared Ltd bought a new position in shares of US Foods during the 4th quarter worth about $34,000. Smartleaf Asset Management LLC lifted its stake in shares of US Foods by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock valued at $49,000 after buying an additional 243 shares during the period. J.Safra Asset Management Corp grew its position in US Foods by 38.5% during the fourth quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock worth $55,000 after buying an additional 224 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in US Foods by 112.2% during the fourth quarter. Versant Capital Management Inc now owns 855 shares of the company’s stock valued at $58,000 after acquiring an additional 452 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Trading Down 5.0 %

NYSE USFD opened at $61.80 on Friday. The company has a market capitalization of $14.24 billion, a PE ratio of 30.59, a P/E/G ratio of 1.03 and a beta of 1.38. The stock has a 50-day simple moving average of $68.23 and a 200 day simple moving average of $66.59. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19.

US Foods (NYSE:USFD) last issued its quarterly earnings data 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 return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. Research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on USFD shares. Melius initiated coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price target on the stock. Truist Financial lifted their price target on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, February 14th. Melius Research raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group increased their target price on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 22nd. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, US Foods presently has a consensus rating of “Buy” and a consensus price target of $71.09.

Insider Activity at US Foods

In other news, Director David W. Bullock purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

US Foods Company 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.