Crossmark Global Holdings Inc. trimmed its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 44.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,775 shares of the company's stock after selling 15,904 shares during the period. Crossmark Global Holdings Inc.'s holdings in US Foods were worth $1,216,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of US Foods by 20.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,606 shares of the company's stock valued at $357,000 after purchasing an additional 1,132 shares during the period. SG Americas Securities LLC lifted its holdings in shares of US Foods by 5.7% during the 1st quarter. SG Americas Securities LLC now owns 30,655 shares of the company's stock worth $1,654,000 after acquiring an additional 1,665 shares during the period. Headlands Technologies LLC acquired a new stake in shares of US Foods in the 1st quarter valued at $50,000. Russell Investments Group Ltd. grew its position in US Foods by 3.6% in the first quarter. Russell Investments Group Ltd. now owns 59,418 shares of the company's stock valued at $3,208,000 after acquiring an additional 2,039 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of US Foods by 3.8% during the 1st quarter. US Bancorp DE now owns 9,355 shares of the company's stock valued at $505,000 after purchasing an additional 344 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
Insider Transactions at US Foods
In other news, CFO Dirk J. Locascio sold 10,000 shares of the business's stock in a transaction on Thursday, September 12th. The shares were 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 in the company, 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.70% of the company's stock.
US Foods Stock Performance
Shares of USFD stock traded down $0.84 during trading hours on Thursday, hitting $65.98. 1,689,398 shares of the company were exchanged, compared to its average volume of 1,805,422. The firm has a fifty day simple moving average of $61.72 and a 200 day simple moving average of $56.59. US Foods Holding Corp. has a 52-week low of $42.19 and a 52-week high of $68.00. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on USFD. Jefferies Financial Group upped their target price on US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. UBS Group boosted their price objective on US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their target price 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. Barclays raised their price objective on US Foods from $71.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Finally, Truist Financial boosted their target price on shares of US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $71.09.
View Our Latest Analysis on USFD
US Foods Company Profile
(
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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