Geode Capital Management LLC Increases Position in US Foods Holding Corp. (NYSE:USFD)

Geode Capital Management LLC increased its position in US Foods Holding Corp. (NYSE:USFD) by 6.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,972,930 shares of the company’s stock after acquiring an additional 241,900 shares during the period. Geode Capital Management LLC’s holdings in US Foods were worth $244,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USFD. Acadian Asset Management LLC acquired a new position in shares of US Foods in the second quarter valued at about $25,000. Quent Capital LLC boosted its position in US Foods by 87.6% in the third 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 last quarter. International Assets Investment Management LLC acquired a new position in US Foods in the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in US Foods during the 3rd quarter worth approximately $31,000. Finally, Huntington National Bank lifted its stake in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after acquiring an additional 409 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of research reports. Truist Financial increased their price objective 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. Wells Fargo & Company lifted their price objective on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Piper Sandler upped their target price on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Barclays raised their price objective on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, US Foods presently has an average rating of “Buy” and a consensus target price of $71.09.

US Foods Stock Performance

NYSE:USFD opened at $69.50 on Friday. The company has a fifty day moving average of $65.54 and a two-hundred day moving average of $59.02. US Foods Holding Corp. has a fifty-two week low of $43.24 and a fifty-two week high of $72.84. The stock has a market capitalization of $16.19 billion, a PE ratio of 29.83, a P/E/G ratio of 1.15 and a beta of 1.68. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19.

US Foods Profile

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.