Jacobs Levy Equity Management Inc. purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 88,552 shares of the company's stock, valued at approximately $5,446,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its holdings in US Foods by 123.9% in the 2nd quarter. CWM LLC now owns 4,088 shares of the company's stock valued at $217,000 after purchasing an additional 2,262 shares in the last quarter. OLD National Bancorp IN grew its stake in US Foods by 5.0% during the 2nd quarter. OLD National Bancorp IN now owns 6,289 shares of the company's stock valued at $333,000 after acquiring an additional 301 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in US Foods by 2.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 87,429 shares of the company's stock valued at $4,632,000 after acquiring an additional 2,024 shares in the last quarter. Artemis Investment Management LLP raised its holdings in US Foods by 18.8% in the 2nd quarter. Artemis Investment Management LLP now owns 462,137 shares of the company's stock valued at $24,484,000 after acquiring an additional 73,014 shares during the last quarter. Finally, Foguth Wealth Management LLC. lifted its stake in US Foods by 46.8% in the 2nd quarter. Foguth Wealth Management LLC. now owns 5,469 shares of the company's stock worth $290,000 after purchasing an additional 1,744 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at US Foods
In related 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.70% of the company's stock.
Analyst Upgrades and Downgrades
USFD has been the subject of several recent research reports. Wells Fargo & Company increased their price target on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, September 18th. Barclays raised their target price on US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Piper Sandler boosted their price target on shares of US Foods from $61.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $71.09.
View Our Latest Stock Analysis on USFD
US Foods Stock Performance
Shares of USFD traded down $0.33 during mid-day trading on Friday, hitting $72.00. 1,103,824 shares of the company's stock were exchanged, compared to its average volume of 1,830,891. The firm has a market capitalization of $16.77 billion, a P/E ratio of 30.90, a P/E/G ratio of 1.19 and a beta of 1.68. US Foods Holding Corp. has a fifty-two week low of $43.24 and a fifty-two week high of $72.84. The business's 50 day moving average is $64.72 and its two-hundred day moving average is $58.43. 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 Company Profile
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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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