Charles Schwab Investment Management Inc. Acquires 109,488 Shares of US Foods Holding Corp. (NYSE:USFD)

Charles Schwab Investment Management Inc. boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,712,880 shares of the company's stock after buying an additional 109,488 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.70% of US Foods worth $105,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its position in US Foods by 29.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 7,946 shares of the company's stock valued at $429,000 after purchasing an additional 1,800 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of US Foods by 55.7% during the first quarter. Advisors Asset Management Inc. now owns 10,122 shares of the company's stock worth $546,000 after acquiring an additional 3,622 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of US Foods by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 162,128 shares of the company's stock worth $8,751,000 after purchasing an additional 9,652 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of US Foods by 46.3% in the 1st quarter. Janus Henderson Group PLC now owns 162,338 shares of the company's stock valued at $8,759,000 after buying an additional 51,402 shares in the last quarter. Finally, Community Trust & Investment Co. increased its holdings in US Foods by 0.3% in the first quarter. Community Trust & Investment Co. now owns 125,174 shares of the company's stock worth $6,756,000 after buying an additional 427 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Jefferies Financial Group upped their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Barclays boosted their price target on US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price objective on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, September 18th. Finally, Truist Financial boosted their target price on US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, November 8th. 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 stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $71.09.

US Foods Stock Performance

NYSE:USFD traded up $0.25 during trading hours on Wednesday, hitting $70.42. 17,563 shares of the company traded hands, compared to its average volume of 1,801,195. 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 twelve month low of $42.96 and a twelve month high of $70.80. The firm has a 50-day moving average of $63.27 and a 200 day moving average of $57.58. The stock has a market capitalization of $16.40 billion, a price-to-earnings ratio of 30.12, a P/E/G ratio of 1.15 and a beta of 1.66.

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.