Advisors Asset Management Inc. Raises Stock Position in US Foods Holding Corp. (NYSE:USFD)

Advisors Asset Management Inc. boosted its position in shares of US Foods Holding Corp. (NYSE:USFD) by 29.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,943 shares of the company’s stock after acquiring an additional 3,183 shares during the period. Advisors Asset Management Inc.’s holdings in US Foods were worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of USFD. Quent Capital LLC lifted its holdings in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares during the last quarter. Acadian Asset Management LLC acquired a new position in US Foods during the 2nd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in US Foods during the 3rd quarter valued at about $31,000. Huntington National Bank raised its stake in US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new stake in US Foods in the third quarter worth about $34,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

US Foods Stock Performance

Shares of USFD stock opened at $70.17 on Wednesday. US Foods Holding Corp. has a 52-week low of $42.96 and a 52-week high of $70.52. 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 stock has a market cap of $16.35 billion, a PE ratio of 30.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66. The business has a 50-day simple moving average of $63.09 and a 200-day simple moving average of $57.48.

Analysts Set New Price Targets

Several brokerages recently commented on USFD. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price objective 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. Jefferies Financial Group upped their target price on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, Truist Financial lifted their price target on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $71.09.

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.