US Foods Holding Corp. (NYSE:USFD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 25.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 565,361 shares of the company's stock after selling 188,104 shares during the period. Principal Financial Group Inc. owned 0.24% of US Foods worth $34,770,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in US Foods during the second quarter valued at about $25,000. Quent Capital LLC boosted its holdings in shares of US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after buying an additional 219 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of US Foods in the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new position in shares of US Foods during the 3rd quarter worth approximately $31,000. Finally, Huntington National Bank lifted its position in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company's stock valued at $33,000 after acquiring an additional 409 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

US Foods Stock Performance

US Foods stock traded up $0.91 during midday trading on Tuesday, hitting $68.77. 440,747 shares of the company's stock were exchanged, compared to its average volume of 1,827,360. The firm's 50 day simple moving average is $66.32 and its 200 day simple moving average is $59.69. US Foods Holding Corp. has a 12-month low of $44.81 and a 12-month high of $72.84. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68.

Analysts Set New Price Targets

A number of research firms have recently weighed in on USFD. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Barclays increased their price target on US Foods from $71.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Truist Financial boosted their price objective on US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. UBS Group raised their target price on shares of US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Jefferies Financial Group increased their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, US Foods has an average rating of "Buy" and an average price target of $67.08.

US Foods 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.