Citigroup Inc. boosted its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 153,379 shares of the company's stock after purchasing an additional 25,365 shares during the period. Citigroup Inc. owned 0.06% of US Foods worth $9,433,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of US Foods by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company's stock worth $105,342,000 after purchasing an additional 109,488 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in US Foods by 4.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company's stock worth $420,781,000 after acquiring an additional 291,016 shares in the last quarter. Primecap Management Co. CA raised its position in US Foods by 145.4% during the third quarter. Primecap Management Co. CA now owns 287,408 shares of the company's stock worth $17,676,000 after acquiring an additional 170,309 shares in the last quarter. Aurora Investment Counsel acquired a new stake in US Foods in the third quarter valued at $1,574,000. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of US Foods in the 3rd quarter valued at about $350,000. 98.76% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at US Foods
In other news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction 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 sale, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at approximately $5,132,225.85. This represents a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.70% of the company's stock.
US Foods Stock Performance
US Foods stock traded down $0.08 during midday trading on Friday, hitting $69.77. The company's stock had a trading volume of 865,304 shares, compared to its average volume of 1,802,404. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 1.15 and a beta of 1.66. US Foods Holding Corp. has a 1-year low of $42.96 and a 1-year high of $70.80. The company has a 50-day moving average price of $63.77 and a two-hundred day moving average price of $57.86.
Analyst Ratings Changes
USFD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. UBS Group raised their price objective on US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Wells Fargo & Company lifted their target price on US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 18th. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Finally, Barclays lifted their price objective on shares of US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $71.09.
Read Our Latest Research Report on US Foods
US Foods Company Profile
(
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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