Sheets Smith Wealth Management Has $577,000 Holdings in US Foods Holding Corp. (NYSE:USFD)

Sheets Smith Wealth Management boosted its holdings in US Foods Holding Corp. (NYSE:USFD) by 39.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,558 shares of the company’s stock after purchasing an additional 2,424 shares during the quarter. Sheets Smith Wealth Management’s holdings in US Foods were worth $577,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of USFD. Oxinas Partners Wealth Management LLC bought a new stake in shares of US Foods during the fourth quarter valued at approximately $201,000. Atomi Financial Group Inc. boosted its position in US Foods by 6.0% in the fourth quarter. Atomi Financial Group Inc. now owns 4,928 shares of the company’s stock worth $332,000 after purchasing an additional 277 shares during the last quarter. UMB Bank n.a. increased its holdings in US Foods by 71.3% in the 4th quarter. UMB Bank n.a. now owns 1,081 shares of the company’s stock worth $73,000 after acquiring an additional 450 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in US Foods by 29.4% in the 4th quarter. Aaron Wealth Advisors LLC now owns 4,831 shares of the company’s stock valued at $326,000 after buying an additional 1,098 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in US Foods by 41.7% during the 4th quarter. HB Wealth Management LLC now owns 9,911 shares of the company’s stock valued at $669,000 after acquiring an additional 2,916 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

US Foods stock opened at $69.25 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The firm has a market cap of $16.13 billion, a P/E ratio of 29.72, a P/E/G ratio of 0.93 and a beta of 1.67. The firm has a 50-day moving average of $68.42 and a 200-day moving average of $61.91. US Foods Holding Corp. has a 1-year low of $44.81 and a 1-year high of $72.84.

Wall Street Analyst Weigh In

A number of research firms have recently commented on USFD. Truist Financial raised their price target on US Foods from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. lifted their target price on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. UBS Group increased their price target on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays raised their target price on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $68.92.

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.