Oppenheimer Asset Management Inc. lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 3.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,923 shares of the company’s stock after purchasing an additional 937 shares during the period. Oppenheimer Asset Management Inc.’s holdings in US Foods were worth $1,228,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in shares of US Foods by 67.4% during the first quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock valued at $26,000 after buying an additional 285 shares in the last quarter. KB Financial Partners LLC purchased a new position in shares of US Foods during the first quarter valued at $34,000. Fifth Third Bancorp grew its holdings in shares of US Foods by 44.6% during the second quarter. Fifth Third Bancorp now owns 875 shares of the company’s stock valued at $38,000 after buying an additional 270 shares in the last quarter. Money Concepts Capital Corp purchased a new position in shares of US Foods during the fourth quarter valued at $46,000. Finally, Covestor Ltd grew its holdings in shares of US Foods by 744.8% during the first quarter. Covestor Ltd now owns 1,639 shares of the company’s stock valued at $62,000 after buying an additional 1,445 shares in the last quarter. 98.69% of the stock is owned by institutional investors and hedge funds.
US Foods Trading Down 0.6 %
USFD stock opened at $46.45 on Thursday. US Foods Holding Corp. has a 1-year low of $33.96 and a 1-year high of $47.48. The firm has a market cap of $11.42 billion, a P/E ratio of 25.81, a P/E/G ratio of 0.72 and a beta of 1.57. The business’s 50 day moving average is $45.46 and its 200-day moving average is $42.11. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.97.
Analysts Set New Price Targets
USFD has been the topic of a number of recent research reports. Truist Financial boosted their target price on US Foods from $50.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Deutsche Bank Aktiengesellschaft initiated coverage on US Foods in a research note on Thursday, October 19th. They set a “buy” rating and a $50.00 price target for the company. Morgan Stanley upped their price target on US Foods from $54.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 10th. Barclays decreased their price target on US Foods from $51.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, October 23rd. Finally, StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $49.70.
Insider Buying and Selling at US Foods
In other US Foods news, Director Scott D. Ferguson sold 3,000,000 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $43.87, for a total value of $131,610,000.00. Following the transaction, the director now directly owns 15,932,877 shares in the company, valued at approximately $698,975,313.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.
US Foods Company Profile
US Foods Holding Corp., through its subsidiary, 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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