B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 89,452 shares of the company's stock, valued at approximately $5,501,000.
A number of other large investors have also modified their holdings of the company. Quent Capital LLC raised its position in US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after buying an additional 219 shares during the last quarter. Acadian Asset Management LLC acquired a new position in US Foods in the 2nd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in shares of US Foods in the 3rd quarter valued at about $31,000. Huntington National Bank boosted its position in shares of US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company's stock valued at $33,000 after purchasing an additional 409 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in US Foods in the third quarter worth approximately $34,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their price target on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, September 18th. Piper Sandler upped their price target on US Foods from $61.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft increased their price target on US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a report on Friday, August 9th. Finally, UBS Group raised their price target on US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $71.09.
Read Our Latest Research Report on USFD
US Foods Stock Performance
Shares of NYSE:USFD traded up $0.05 during midday trading on Wednesday, hitting $66.56. The stock had a trading volume of 1,977,374 shares, compared to its average volume of 1,805,355. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a 1 year low of $42.19 and a 1 year high of $68.00. The stock has a 50 day moving average price of $62.37 and a two-hundred day moving average price of $57.04. The company has a market capitalization of $15.50 billion, a PE ratio of 28.57, a P/E/G ratio of 1.07 and a beta of 1.66.
Insider Activity
In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 88,563 shares of the company's stock, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company's stock.
US Foods Profile
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Free Report)
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.
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