Pictet Asset Management Holding SA Buys 3,257 Shares of US Foods Holding Corp. (NYSE:USFD)

Pictet Asset Management Holding SA grew its position in US Foods Holding Corp. (NYSE:USFD) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,637 shares of the company’s stock after acquiring an additional 3,257 shares during the period. Pictet Asset Management Holding SA’s holdings in US Foods were worth $2,269,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the period. R Squared Ltd acquired a new position in shares of US Foods in the fourth quarter valued at approximately $34,000. Smartleaf Asset Management LLC grew its position in shares of US Foods by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock valued at $49,000 after purchasing an additional 243 shares during the last quarter. J.Safra Asset Management Corp increased its stake in shares of US Foods by 38.5% during the fourth quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock worth $55,000 after purchasing an additional 224 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in US Foods by 112.2% during the 4th quarter. Versant Capital Management Inc now owns 855 shares of the company’s stock worth $58,000 after purchasing an additional 452 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays increased their price objective on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Melius Research raised shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Jefferies Financial Group raised their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Piper Sandler lifted their price target 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. Finally, Truist Financial increased their price target on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $71.09.

Insider Activity at US Foods

In related news, Director David W. Bullock bought 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares in the company, valued at $319,770. This represents a 800.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.70% of the stock is owned by insiders.

US Foods Trading Down 5.0 %

Shares of USFD opened at $61.80 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.03 and a beta of 1.38. The business’s fifty day moving average is $68.23 and its 200-day moving average is $66.59.

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

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.