Wilmington Savings Fund Society FSB acquired a new stake in US Foods Holding Corp. (NYSE:USFD – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,350 shares of the company’s stock, valued at approximately $83,000.
A number of other institutional investors have also recently bought and sold shares of the business. Quent Capital LLC increased its stake 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 acquiring an additional 219 shares during the last quarter. Acadian Asset Management LLC acquired a new position in US Foods during the second quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new stake in US Foods in the third quarter valued at approximately $31,000. Huntington National Bank raised its holdings in US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after purchasing an additional 409 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of US Foods during the third quarter worth $34,000. Institutional investors and hedge funds own 98.76% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently commented on USFD. Barclays raised their price objective on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. boosted their price objective on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. UBS Group raised their target price on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $67.08.
US Foods Stock Up 1.2 %
US Foods stock opened at $67.69 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a 1-year low of $44.39 and a 1-year high of $72.84. The company has a fifty day simple moving average of $66.20 and a 200 day simple moving average of $59.49. The company has a market cap of $15.77 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68.
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.
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