Massachusetts Financial Services Co. MA increased its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 4.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 6,841,961 shares of the company's stock after buying an additional 291,016 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.80% of US Foods worth $420,781,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Davis Investment Partners LLC grew its stake in shares of US Foods by 0.7% during the 3rd quarter. Davis Investment Partners LLC now owns 28,864 shares of the company's stock valued at $1,775,000 after purchasing an additional 193 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock worth $35,000 after acquiring an additional 202 shares in the last quarter. Quent Capital LLC raised its holdings in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company's stock worth $29,000 after acquiring an additional 219 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of US Foods by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company's stock worth $436,000 after acquiring an additional 226 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its holdings in shares of US Foods by 1.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 20,897 shares of the company's stock worth $1,285,000 after acquiring an additional 267 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.
Insider Activity
In related news, CFO Dirk J. Locascio sold 10,000 shares of the business's 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 transaction, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at $5,132,225.85. The trade was a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Barclays increased their price target on US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Piper Sandler upped their price objective on US Foods from $61.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their price objective on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Finally, Truist Financial increased their price target on US Foods from $66.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $71.09.
View Our Latest Stock Report on USFD
US Foods Trading Up 2.2 %
Shares of NYSE USFD traded up $1.52 during trading on Friday, reaching $69.44. The stock had a trading volume of 1,976,945 shares, compared to its average volume of 1,807,446. US Foods Holding Corp. has a fifty-two week low of $42.80 and a fifty-two week high of $69.69. 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 business's 50-day moving average price is $62.72 and its 200-day moving average price is $57.18. The company has a market cap of $16.18 billion, a P/E ratio of 29.19, a PEG ratio of 1.10 and a beta of 1.66.
About US Foods
(
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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