BNP Paribas Financial Markets Raises Position in US Foods Holding Corp. (NYSE:USFD)

BNP Paribas Financial Markets raised its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 2,338.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,806 shares of the company's stock after purchasing an additional 224,219 shares during the period. BNP Paribas Financial Markets owned approximately 0.10% of US Foods worth $14,379,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new stake in shares of US Foods in the 2nd quarter valued at approximately $25,000. Quent Capital LLC lifted its stake 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 purchasing an additional 219 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in US Foods in the second quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in US Foods in the third quarter valued at approximately $31,000. Finally, Huntington National Bank grew its stake in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company's stock worth $33,000 after buying an additional 409 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.70% of the company's stock.

US Foods Trading Down 0.3 %

Shares of USFD traded down $0.22 during trading hours on Monday, hitting $69.55. 1,887,551 shares of the stock were exchanged, compared to its average volume of 1,802,771. US Foods Holding Corp. has a fifty-two week low of $43.24 and a fifty-two week high of $70.80. The business has a 50-day moving average of $63.77 and a 200-day moving average of $57.90. The firm has a market capitalization of $16.20 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on USFD. Barclays raised their price objective on US Foods from $71.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their price target on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, August 9th. StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $71.09.

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.