Y Intercept Hong Kong Ltd purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 27,907 shares of the company's stock, valued at approximately $1,716,000.
Several other institutional investors also recently bought and sold shares of the company. CWM LLC boosted its stake in shares of US Foods by 123.9% in the second quarter. CWM LLC now owns 4,088 shares of the company's stock worth $217,000 after acquiring an additional 2,262 shares during the last quarter. Benson Investment Management Company Inc. acquired a new stake in shares of US Foods in the second quarter valued at about $5,058,000. Davis Investment Partners LLC boosted its position in US Foods by 25.6% during the second quarter. Davis Investment Partners LLC now owns 28,671 shares of the company's stock worth $1,501,000 after acquiring an additional 5,839 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in US Foods by 340.3% during the second quarter. Nisa Investment Advisors LLC now owns 38,855 shares of the company's stock worth $2,059,000 after acquiring an additional 30,030 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in US Foods by 41.3% during the 2nd quarter. Fifth Third Bancorp now owns 2,293 shares of the company's stock valued at $121,000 after acquiring an additional 670 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on USFD. UBS Group increased their price target on US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, November 8th. Barclays lifted their price target on US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Truist Financial upped their price objective on shares of US Foods from $66.00 to $74.00 and gave the company a "buy" rating in a report on Friday, November 8th. 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, Jefferies Financial Group lifted their price target on shares of US Foods from $66.00 to $71.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $71.09.
Check Out Our Latest Research Report on US Foods
US Foods Trading Down 0.1 %
US Foods stock traded down $0.10 during midday trading on Wednesday, reaching $69.87. 1,269,956 shares of the stock traded hands, compared to its average volume of 1,815,163. 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 market cap of $16.28 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.19 and a beta of 1.68. The company has a 50-day simple moving average of $65.22 and a two-hundred day simple moving average of $58.79. US Foods Holding Corp. has a 12-month low of $43.24 and a 12-month high of $72.84.
Insider Activity
In other news, CFO Dirk J. Locascio sold 10,000 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $5,132,225.85. This trade 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 this link. Insiders own 0.70% of the company's stock.
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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