A share of US Foods Holding Corp. (NYSE:USFD) closed at $28.18 per share on Thursday, down from $28.77 day before. While US Foods Holding Corp. has underperformed by -2.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, USFD fell by -18.44%, with highs and lows ranging from $39.73 to $27.48, whereas the simple moving average fell by -16.98% in the last 200 days.
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On September 07, 2022, JP Morgan started tracking US Foods Holding Corp. (NYSE: USFD) recommending Neutral. A report published by Berenberg on May 18, 2022, Initiated its previous ‘Buy’ rating for USFD. CL King also rated USFD shares as ‘Buy’, setting a target price of $41 on the company’s shares in an initiating report dated March 11, 2022. Truist Initiated an Buy rating on February 01, 2022, and assigned a price target of $43. Deutsche Bank initiated its ‘Buy’ rating for USFD, as published in its report on January 19, 2022. UBS’s report from July 29, 2021 suggests a price prediction of $36 for USFD shares, giving the stock a ‘Neutral’ rating. Piper Sandler also rated the stock as ‘Overweight’.
Analysis of US Foods Holding Corp. (USFD)
Further, the quarter-over-quarter increase in sales is 15.20%, showing a positive trend in the upcoming months.
US Foods Holding Corp.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 4.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.80, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and USFD is registering an average volume of 1.41M. On a monthly basis, the volatility of the stock is set at 2.96%, whereas on a weekly basis, it is put at 2.87%, with a loss of -6.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $42.80, showing growth from the present price of $28.18, which can serve as yet another indication of whether USFD is worth investing in or should be passed over.
How Do You Analyze US Foods Holding Corp. Shares?
A giant in the Food Distribution market, US Foods Holding Corp. (USFD) is based in the USA. When comparing US Foods Holding Corp. shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 39.97, there is a growth in quarterly earnings of 32.00%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.90%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in USFD shares?
The recent increase in stakes in USFD appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in USFD has increased by 10.71% in the first quarter. The company now owns 20,553,198 shares of the stock, with a value of $629.34 million, following the purchase of 1,987,870 additional shares during the last quarter. Sachem Head Capital Management LP made another decreased to its shares in USFD during the first quarter, downing its stake by -1.31%. During the last quarter, the company picked up -251,975 additional shares for a total stake of worth $579.72 million, bringing number of shares owned by the company to 18,932,877.
During the first quarter, Fidelity Management & Research Co added a 652,247 position in USFD. Boston Partners Global Investors, sold an additional -1.02 million shares in the last quarter, decreasing its holdings by -7.08%, now holding 13.44 million shares worth $411.52 million. At the end of the first quarter, Invesco Advisers, Inc. decreased its USFD holdings by -11.56% and now holds 9.97 million USFD shares valued at $305.32 million with the lessened -1.3 million shares during the period.