South Dakota Investment Council Takes $2 Million Position in US Foods Holding Corp. (NYSE:USFD)

South Dakota Investment Council acquired a new stake in US Foods Holding Corp. (NYSE:USFD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 29,709 shares of the company’s stock, valued at approximately $2,004,000.

A number of other hedge funds also recently made changes to their positions in the business. Legacy Wealth Asset Management LLC increased its position in US Foods by 4.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock valued at $279,000 after acquiring an additional 160 shares in the last quarter. Bank of Montreal Can increased its position in US Foods by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after acquiring an additional 171 shares in the last quarter. First Horizon Advisors Inc. increased its position in US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after acquiring an additional 202 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in US Foods by 2.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock valued at $588,000 after acquiring an additional 206 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in US Foods by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock valued at $436,000 after acquiring an additional 226 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

USFD has been the subject of several research reports. Piper Sandler raised their price objective on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Jefferies Financial Group raised their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JPMorgan Chase & Co. raised their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Melius started coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Melius Research raised shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, eleven have given 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 an average rating of “Buy” and an average price target of $70.33.

Insider Activity

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the 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 of the company’s stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction 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 corporate insiders.

US Foods Price Performance

NYSE USFD opened at $70.13 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.21 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. The company has a market capitalization of $16.16 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. The firm’s 50 day moving average is $69.17 and its 200-day moving average is $64.84.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

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.