Quest Partners LLC grew its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 537.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,201 shares of the company's stock after purchasing an additional 25,461 shares during the quarter. Quest Partners LLC's holdings in US Foods were worth $1,857,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Quent Capital LLC raised its position 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 purchasing an additional 219 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in US Foods during the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in US Foods during the 3rd quarter valued at about $31,000. Huntington National Bank grew its stake in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company's stock valued at $33,000 after acquiring an additional 409 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in US Foods during the 3rd quarter valued at about $34,000. 98.76% of the stock is owned by hedge funds and other institutional investors.
US Foods Price Performance
USFD traded up $1.14 during midday trading on Tuesday, reaching $66.51. 1,811,840 shares of the company's stock were exchanged, compared to its average volume of 1,804,587. 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 stock has a market capitalization of $15.49 billion, a PE ratio of 28.06, a P/E/G ratio of 1.07 and a beta of 1.66. The business's 50-day moving average price is $62.02 and its 200 day moving average price is $56.83. US Foods Holding Corp. has a 1-year low of $42.19 and a 1-year high of $68.00.
Analyst Ratings Changes
Several research firms have recently weighed in on USFD. JPMorgan Chase & Co. increased their price target on shares of US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. UBS Group increased their price target on shares of US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Jefferies Financial Group increased their price target on shares of US Foods from $66.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Piper Sandler increased their price target on shares of US Foods from $61.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research note 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.com, US Foods presently has a consensus rating of "Buy" and an average target price of $71.09.
Check Out Our Latest Research Report on US Foods
Insiders Place Their Bets
In related news, CFO Dirk J. Locascio sold 10,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 88,563 shares of the company's stock, valued at approximately $5,132,225.85. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.
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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