ING Groep NV Purchases 9,300 Shares of US Foods Holding Corp. (NYSE:USFD)

ING Groep NV lifted its position in US Foods Holding Corp. (NYSE:USFD) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 158,100 shares of the company’s stock after purchasing an additional 9,300 shares during the quarter. ING Groep NV owned about 0.07% of US Foods worth $10,665,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in USFD. Ashton Thomas Securities LLC bought a new position in shares of US Foods in the third quarter worth $31,000. Huntington National Bank increased its stake in US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after acquiring an additional 409 shares during the last quarter. Capital Performance Advisors LLP bought a new position in US Foods in the third quarter valued at $34,000. R Squared Ltd bought a new position in US Foods in the fourth quarter valued at $34,000. Finally, First Horizon Advisors Inc. increased its stake in US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

US Foods stock opened at $71.66 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average of $69.16 and a 200-day moving average of $64.52. The firm has a market cap of $16.51 billion, a P/E ratio of 35.48, a P/E/G ratio of 1.03 and a beta of 1.67. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Sell-side analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Transactions at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was acquired 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 of the company’s stock, valued at approximately $319,770. This 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 this hyperlink. 0.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Truist Financial increased their target price on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley increased their target price on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Barclays increased their target price on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Piper Sandler increased their target price on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $70.33.

US Foods 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.