Ritholtz Wealth Management Purchases 9,654 Shares of US Foods Holding Corp. $USFD

Ritholtz Wealth Management grew its position in shares of US Foods Holding Corp. (NYSE:USFD) by 142.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 16,436 shares of the company’s stock after purchasing an additional 9,654 shares during the period. Ritholtz Wealth Management’s holdings in US Foods were worth $1,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of US Foods by 323.5% in the third quarter. SG Americas Securities LLC now owns 38,515 shares of the company’s stock worth $2,951,000 after acquiring an additional 29,420 shares during the period. Lecap Asset Management Ltd. purchased a new position in US Foods in the second quarter worth about $1,195,000. Artisan Partners Limited Partnership grew its stake in shares of US Foods by 12.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,207,416 shares of the company’s stock valued at $247,003,000 after purchasing an additional 354,747 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of US Foods by 55.1% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,709 shares of the company’s stock valued at $3,732,000 after purchasing an additional 17,300 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of US Foods in the 2nd quarter worth approximately $3,324,000. Institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on USFD. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a research report on Monday, December 29th. Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. Barclays decreased their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Wall Street Zen lowered US Foods from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, Citigroup decreased their price objective on US Foods from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Insider Activity

In other news, insider Steven Guberman sold 58,632 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the transaction, the insider owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.

US Foods Price Performance

NYSE:USFD opened at $85.69 on Monday. The stock has a market cap of $19.10 billion, a PE ratio of 35.70, a P/E/G ratio of 0.98 and a beta of 1.03. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. The business’s 50-day simple moving average is $76.03 and its two-hundred day simple moving average is $77.38. US Foods Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.85.

US Foods (NYSE:USFD) last released its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.02. The firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. As a group, analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

US Foods Profile

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.