Fifth Third Wealth Advisors LLC Acquires 87,282 Shares of US Foods Holding Corp. (NYSE:USFD)

Fifth Third Wealth Advisors LLC increased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 1,270.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,150 shares of the company's stock after buying an additional 87,282 shares during the period. Fifth Third Wealth Advisors LLC's holdings in US Foods were worth $5,790,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in US Foods by 3.6% during the 1st quarter. Russell Investments Group Ltd. now owns 59,418 shares of the company's stock valued at $3,208,000 after purchasing an additional 2,039 shares during the last quarter. US Bancorp DE lifted its position in shares of US Foods by 3.8% during the 1st quarter. US Bancorp DE now owns 9,355 shares of the company's stock worth $505,000 after buying an additional 344 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in shares of US Foods during the 1st quarter worth approximately $274,000. Vanguard Group Inc. lifted its position in shares of US Foods by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company's stock worth $1,242,336,000 after buying an additional 796,434 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of US Foods by 29.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,946 shares of the company's stock worth $429,000 after buying an additional 1,800 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.70% of the company's stock.

US Foods Stock Performance

USFD stock traded up $0.74 on Tuesday, hitting $66.11. The company had a trading volume of 708,196 shares, compared to its average volume of 1,799,660. US Foods Holding Corp. has a 12-month low of $42.19 and a 12-month high of $68.00. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The stock's 50-day simple moving average is $62.02 and its 200 day simple moving average is $56.83. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 1.07 and a beta of 1.66.

Analyst Upgrades and Downgrades

Several research firms have commented on USFD. Wells Fargo & Company lifted their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Barclays lifted their price target on shares of US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Piper Sandler lifted their price target on shares of US Foods from $61.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. Finally, Truist Financial boosted their target price on shares of US Foods from $66.00 to $74.00 and gave the company a "buy" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, US Foods currently has a consensus rating of "Buy" and an average target price of $71.09.

About US Foods

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.