Westover Capital Advisors LLC Increases Stake in US Foods Holding Corp. (NYSE:USFD)

Westover Capital Advisors LLC boosted its position in shares of US Foods Holding Corp. (NYSE:USFD) by 199.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 25,722 shares of the company’s stock after purchasing an additional 17,125 shares during the quarter. Westover Capital Advisors LLC’s holdings in US Foods were worth $1,735,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of US Foods by 2,853.8% during the 3rd quarter. International Assets Investment Management LLC now owns 16,482 shares of the company’s stock valued at $1,014,000 after acquiring an additional 15,924 shares during the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of US Foods by 31.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,386 shares of the company’s stock valued at $393,000 after acquiring an additional 1,528 shares during the last quarter. US Bancorp DE boosted its holdings in shares of US Foods by 217.6% during the 3rd quarter. US Bancorp DE now owns 30,404 shares of the company’s stock valued at $1,870,000 after acquiring an additional 20,831 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of US Foods by 12.5% during the 3rd quarter. Stephens Inc. AR now owns 6,017 shares of the company’s stock valued at $370,000 after acquiring an additional 669 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of US Foods by 4.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 17,940 shares of the company’s stock valued at $1,103,000 after acquiring an additional 692 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

US Foods Price Performance

NYSE USFD opened at $70.07 on Tuesday. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 1.03 and a beta of 1.67. The company’s 50 day moving average is $69.47 and its two-hundred day moving average is $65.46. 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 (NYSE:USFD) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. As a group, research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on USFD. Truist Financial raised 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 started coverage on shares of US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective on the stock. Morgan Stanley increased their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Barclays increased their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $70.33.

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.