Sei Investments Co. Has $12.56 Million Stock Position in US Foods Holding Corp. (NYSE:USFD)

Sei Investments Co. increased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 91.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 236,990 shares of the company’s stock after acquiring an additional 113,168 shares during the quarter. Sei Investments Co.’s holdings in US Foods were worth $12,556,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of US Foods during the second quarter worth about $25,000. Redmont Wealth Advisors LLC acquired a new stake in US Foods during the 1st quarter worth approximately $27,000. Rise Advisors LLC bought a new position in US Foods in the first quarter valued at approximately $30,000. International Assets Investment Management LLC acquired a new position in shares of US Foods in the second quarter valued at approximately $30,000. Finally, Headlands Technologies LLC acquired a new position in shares of US Foods in the first quarter valued at approximately $50,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Price Performance

Shares of USFD opened at $60.16 on Friday. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 29.64, a PEG ratio of 1.02 and a beta of 1.66. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The company’s fifty day simple moving average is $56.96 and its 200 day simple moving average is $54.22. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $62.94.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the firm earned $0.73 EPS. US Foods’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts forecast that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on USFD shares. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 22nd. Wells Fargo & Company upped their price objective on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Truist Financial increased their price objective on US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft boosted their target price on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group lifted their price objective on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, US Foods has an average rating of “Buy” and a consensus target price of $66.82.

Insider Transactions at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

US Foods Company 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.