Oppenheimer Asset Management Inc. Has $3.16 Million Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Oppenheimer Asset Management Inc. lifted its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 121.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,452 shares of the company's stock after purchasing an additional 28,232 shares during the period. Oppenheimer Asset Management Inc.'s holdings in US Foods were worth $3,164,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in US Foods in the second quarter valued at approximately $25,000. Quent Capital LLC grew 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 during the period. International Assets Investment Management LLC bought a new stake in shares of US Foods in the 2nd quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in US Foods during the 3rd quarter worth $31,000. Finally, Capital Performance Advisors LLP bought a new position in US Foods during the third quarter worth about $34,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on USFD shares. Deutsche Bank Aktiengesellschaft raised their price target on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their target price on shares of US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. UBS Group upped their price target 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. Jefferies Financial Group raised their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Finally, Truist Financial upped their target price on shares of US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. One investment 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's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $71.09.

US Foods Stock Down 2.0 %

Shares of NYSE USFD traded down $1.31 during mid-day trading on Friday, hitting $64.67. The company had a trading volume of 1,723,972 shares, compared to its average volume of 1,768,201. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The firm has a 50-day simple moving average of $62.02 and a two-hundred day simple moving average of $56.79. The company has a market capitalization of $15.06 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.66. US Foods Holding Corp. has a one year low of $42.19 and a one year high of $68.00.

Insider Activity

In other news, CFO Dirk J. Locascio sold 10,000 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at approximately $5,132,225.85. This represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

About US Foods

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.