ING Groep NV Makes New Investment in US Foods Holding Corp. (NYSE:USFD)

ING Groep NV acquired a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 148,800 shares of the company's stock, valued at approximately $9,151,000. ING Groep NV owned approximately 0.06% of US Foods at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of US Foods during the 2nd quarter valued at $25,000. Quent Capital LLC lifted its holdings in shares of US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after purchasing an additional 219 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of US Foods in the second quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new stake in shares of US Foods in the third quarter valued at $31,000. Finally, Huntington National Bank lifted its holdings in shares of US Foods by 332.5% in the third 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. 98.76% of the stock is owned by institutional investors.

US Foods Trading Down 2.0 %

Shares of US Foods stock traded down $1.31 on Friday, hitting $64.67. 1,723,972 shares of the company's stock traded hands, compared to its average volume of 1,768,201. US Foods Holding Corp. has a one year low of $42.19 and a one year high of $68.00. 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 fifty day moving average of $62.02 and a two-hundred day moving average of $56.74. The company has a market capitalization of $15.06 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.66.

Insiders Place Their Bets

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods 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 completion of the sale, the chief financial officer now owns 88,563 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Company insiders own 0.70% of the company's stock.

Analyst Ratings Changes

USFD has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, September 18th. Truist Financial upped their price target on shares of US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Barclays upped their price target on shares of US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus 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.