Huntington National Bank Purchases 409 Shares of US Foods Holding Corp. (NYSE:USFD)

Huntington National Bank raised its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 332.5% in the third quarter, HoldingsChannel.com reports. The firm owned 532 shares of the company’s stock after buying an additional 409 shares during the period. Huntington National Bank’s holdings in US Foods were worth $33,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. KBC Group NV boosted its stake in US Foods by 16.0% during the 3rd quarter. KBC Group NV now owns 6,176 shares of the company’s stock valued at $380,000 after purchasing an additional 852 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of US Foods by 121.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock valued at $3,164,000 after buying an additional 28,232 shares during the last quarter. Pinnacle Financial Partners Inc bought a new stake in US Foods during the third quarter worth $204,000. Venturi Wealth Management LLC raised its position in US Foods by 72.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock valued at $40,000 after buying an additional 275 shares during the last quarter. Finally, Jag Capital Management LLC raised its position in US Foods by 3,175.1% in the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after buying an additional 164,060 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The trade was a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Truist Financial boosted their target price on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their price target on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Barclays boosted their price objective on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $71.09.

US Foods Stock Performance

NYSE USFD opened at $66.52 on Wednesday. The firm has a market cap of $15.50 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.66. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average is $62.37 and its 200-day moving average is $57.04. US Foods Holding Corp. has a 12-month low of $42.19 and a 12-month high of $68.00.

US Foods Company 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.