US Bancorp DE grew its holdings in US Foods Holding Corp. (NYSE:USFD – Free Report) by 39.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 12,523 shares of the company’s stock after acquiring an additional 3,531 shares during the quarter. US Bancorp DE’s holdings in US Foods were worth $463,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. U.S. Capital Wealth Advisors LLC purchased a new position in US Foods in the fourth quarter valued at approximately $26,000. Signaturefd LLC raised its stake in US Foods by 46.6% during the 1st quarter. Signaturefd LLC now owns 1,217 shares of the company’s stock worth $45,000 after acquiring an additional 387 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in US Foods in the fourth quarter valued at $46,000. Belpointe Asset Management LLC acquired a new position in US Foods in the fourth quarter valued at $47,000. Finally, CWM LLC grew its holdings in shares of US Foods by 101.0% during the fourth quarter. CWM LLC now owns 1,409 shares of the company’s stock worth $48,000 after purchasing an additional 708 shares during the last quarter.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Guggenheim upped their target price on US Foods from $45.00 to $50.00 in a research report on Friday, May 12th. StockNews.com initiated coverage on shares of US Foods in a research report on Thursday, August 17th. They set a “strong-buy” rating on the stock. Credit Suisse Group upped their price target on shares of US Foods from $47.00 to $51.00 in a research report on Friday, May 12th. Morgan Stanley raised shares of US Foods from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $46.00 to $54.00 in a research report on Tuesday, June 20th. Finally, Truist Financial upped their target price on shares of US Foods from $43.00 to $49.00 in a report on Friday, May 12th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, US Foods presently has an average rating of “Buy” and an average price target of $47.45.
US Foods Trading Down 0.7 %
NYSE USFD opened at $39.72 on Friday. US Foods Holding Corp. has a 52-week low of $25.49 and a 52-week high of $44.52. The firm has a 50-day moving average price of $42.49 and a 200 day moving average price of $39.76. The stock has a market capitalization of $9.81 billion, a P/E ratio of 21.47 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 1.01.
US Foods Company Profile
US Foods Holding Corp., through its subsidiary, 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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