Triangle Securities Wealth Management Sells 658 Shares of US Foods Holding Corp. (NYSE:USFD)

Triangle Securities Wealth Management cut its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,341 shares of the company’s stock after selling 658 shares during the quarter. Triangle Securities Wealth Management’s holdings in US Foods were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in USFD. HB Wealth Management LLC grew its position in US Foods by 41.7% during the 4th quarter. HB Wealth Management LLC now owns 9,911 shares of the company’s stock worth $669,000 after acquiring an additional 2,916 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of US Foods during the fourth quarter valued at about $413,000. Eagle Rock Investment Company LLC bought a new stake in US Foods during the 4th quarter worth approximately $1,325,000. Legacy Wealth Asset Management LLC raised its stake in shares of US Foods by 4.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock valued at $279,000 after acquiring an additional 160 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of US Foods by 11.9% during the fourth quarter. Park Avenue Securities LLC now owns 7,147 shares of the company’s stock worth $482,000 after purchasing an additional 762 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on USFD shares. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Truist Financial raised their price target on shares of US Foods from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday. Piper Sandler upped their price objective on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group lifted their price objective on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Melius assumed coverage on US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price for the company. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $67.42.

US Foods Stock Up 0.5 %

Shares of NYSE:USFD opened at $68.41 on Friday. The business has a fifty day moving average price of $68.31 and a two-hundred day moving average price of $61.57. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. US Foods Holding Corp. has a 1 year low of $44.81 and a 1 year high of $72.84. The company has a market capitalization of $15.93 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 0.91 and a beta of 1.67.

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.