Nomura Asset Management Co. Ltd. Boosts Stake in US Foods Holding Corp. (NYSE:USFD)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 51.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,961 shares of the company's stock after purchasing an additional 25,714 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in US Foods were worth $4,672,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of USFD. State Street Corp grew its position in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after purchasing an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in US Foods by 121.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company's stock worth $3,164,000 after buying an additional 28,232 shares during the last quarter. Jag Capital Management LLC increased its stake in US Foods by 3,175.1% during the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company's stock worth $10,407,000 after buying an additional 164,060 shares in the last quarter. Venturi Wealth Management LLC increased its stake in US Foods by 72.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company's stock worth $40,000 after buying an additional 275 shares in the last quarter. Finally, Distillate Capital Partners LLC acquired a new position in shares of US Foods during the second quarter valued at approximately $13,951,000. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Trading Up 0.8 %

Shares of USFD stock traded up $0.54 during trading on Friday, hitting $69.50. 1,648,842 shares of the stock traded hands, compared to its average volume of 1,814,729. The firm has a market capitalization of $16.19 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68. US Foods Holding Corp. has a 52-week low of $43.24 and a 52-week high of $72.84. 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 firm's fifty day moving average price is $65.54 and its 200-day moving average price is $59.02.

Wall Street Analyst Weigh In

Several brokerages recently commented on USFD. Piper Sandler boosted their price target on US Foods from $61.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Barclays upped their target price 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. Wells Fargo & Company raised their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 18th. Truist Financial upped their price objective on shares of US Foods from $66.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group raised their target price on shares of US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price 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.