Fidelity Management & Research Co.. recently announced the acquisition of new stake in US Foods Holding Corp. (NYSE:USFD). The institutional investor has increased its shareholding in the Consumer Defensive company by 16.88% to 19.32 million shares with purchase of 2.79 million shares. This fresh investment now brings its stake to 8.77% valued currently at $392.22 million. In addition, Invesco Advisers, Inc. raised its holdings by 5.9 million to 15.26 million shares. And BlackRock Fund Advisors has lifted its position by 0.01% or 532.0 shares – to 8.62 million shares.
With over 2.1 million US Foods Holding Corp. (USFD) shares trading Tuesday and a closing price of $24.00 on the day, the dollar volume was approximately $50.29 million. The shares have shown a positive weekly performance of 4.48% and its price on 09/01/20 lost nearly -1.44%. Currently, there are 220.00M common shares owned by the public and among those 218.49M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for USFD have a consensus price objective of $26.63. The analysts have set the share’s price value over the next 12 months at a high of $34.00 and a low of $22.00 should the stock experience a downside. Incidentally, analysts’ outlook for the US Foods Holding Corp. stock is 2.00 for the next 12 months. The average price target is 9.88% above its last price level and an upside to the estimated low will see the stock lose -9.09% over that period. But an upside of 29.41% will see the stock hit the forecast high price target while mean target price for the stock is $25.50.
Insiders at the company have transacted a total of 87 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 56 of these insider trades were purchases, accounting for 1,271,174 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 360,964 shares.
The top 3 mutual fund holders in US Foods Holding Corp. are Vanguard Total Stock Market Index, Invesco American Franchise Fund, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market Index owns 6.26 million shares of the company’s stock, all valued at over $127.1 million. The company sold 40897.0 shares recently to bring their total holdings to about 2.84% of the shares outstanding. Vanguard Small Cap Index Fund sold 43380.0 shares to bring its total holdings to over 5.47 million shares at a value of $111.0 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.48% of the shares outstanding.
Shares of US Foods Holding Corp. (NYSE: USFD) opened at $23.91, down -$0.44 from a prior closing price of $24.35. However, the script later closed the day at $24.00, down -1.44%. The company’s stock has a 5-day price change of 4.48% and 12.52% over the past three months. USFD shares are trading -42.71% year to date (YTD), with the 12-month market performance down to -40.30% lower. It has a 12-month low price of $8.32 and touched a high of $43.10 over the same period. Currently, 2.1 million shares have been traded, compared to an average intraday trading volume of 3.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.05%, 11.23%, and -12.85% respectively.
Institutional ownership of US Foods Holding Corp. (NYSE: USFD) shares accounts for 93.10% of the company’s 220.00M shares outstanding. Mutual fund holders own 42.46%, while other institutional holders and individual stakeholders account for 50.13% and 18.94% respectively.
It has a market capitalization of $5.06B and a beta (3y monthly) value of 1.45. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.53% over the week and 4.10% over the month.
Analysts forecast that US Foods Holding Corp. (USFD) will achieve an EPS of $0.18 for the current quarter, $0.33 for the next quarter and $1.39 for 2021. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.27. Comparatively, EPS for the current quarter was $0.65 a year ago. Earnings per share for the fiscal year are expected to decrease by -4.50%, and 248.36% over the next financial year. EPS should shrink at an annualized rate of -8.00% over the next five years, compared to 48.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate US Foods Holding Corp. (USFD) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 2 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the USFD, a number of firms have released research notes about the stock. Credit Suisse stated their Outperform rating for the stock in a research note on August 06, 2020, with the firm’s price target at $24. BTIG Research coverage for the US Foods Holding Corp. (USFD) stock in a research note released on July 17, 2020 offered a Buy rating with a price target of $25. BMO Capital Markets was of a view on April 23, 2020 that the stock is Market Perform, while BofA/Merrill gave the stock Buy rating on October 03, 2019, issuing a price target of $44- $50. Pivotal Research Group on their part issued Hold rating on May 09, 2019.