US Bancorp DE lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 30.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,242 shares of the company’s stock after selling 5,763 shares during the period. US Bancorp DE’s holdings in US Foods were worth $1,015,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Parkside Financial Bank & Trust lifted its holdings in US Foods by 303.7% in the third quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock worth $25,000 after acquiring an additional 246 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of US Foods by 120.1% during the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after purchasing an additional 263 shares during the last quarter. First Horizon Corp acquired a new stake in shares of US Foods during the 3rd quarter worth approximately $39,000. MAI Capital Management raised its position in shares of US Foods by 155.6% during the 2nd quarter. MAI Capital Management now owns 529 shares of the company’s stock worth $41,000 after purchasing an additional 322 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of US Foods in the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 98.76% of the company’s stock.
US Foods Stock Down 1.9%
Shares of US Foods stock opened at $90.41 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.16 and a quick ratio of 0.68. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $102.13. The business’s fifty day moving average price is $86.79 and its two-hundred day moving average price is $79.75. The company has a market capitalization of $19.94 billion, a P/E ratio of 30.75, a PEG ratio of 1.13 and a beta of 0.98.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Wells Fargo & Company upped their price objective on US Foods from $87.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Guggenheim upped their price target on shares of US Foods from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. BTIG Research increased their price objective on shares of US Foods from $82.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Zacks Research upgraded shares of US Foods from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 26th. Finally, UBS Group reissued a “buy” rating and set a $117.00 target price on shares of US Foods in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, US Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.33.
Read Our Latest Stock Analysis on US Foods
Insider Buying and Selling
In other US Foods news, insider James David Works, Jr. sold 65,737 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $96.52, for a total transaction of $6,344,935.24. Following the transaction, the insider owned 88,176 shares of the company’s stock, valued at approximately $8,510,747.52. This trade represents a 42.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.
US Foods Profile
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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