PNC Financial Services Group Inc. increased its holdings in US Foods Holding Corp. (NYSE:USFD – Free Report) by 4.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,049 shares of the company’s stock after purchasing an additional 428 shares during the period. PNC Financial Services Group Inc.’s holdings in US Foods were worth $439,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in USFD. NewEdge Advisors LLC raised its position in US Foods by 67.4% in the first quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares in the last quarter. KB Financial Partners LLC acquired a new stake in shares of US Foods during the first quarter worth approximately $34,000. Money Concepts Capital Corp acquired a new stake in shares of US Foods during the fourth quarter worth approximately $46,000. Fifth Third Bancorp increased its holdings in shares of US Foods by 36.1% during the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock worth $47,000 after buying an additional 316 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of US Foods by 744.8% during the first quarter. Covestor Ltd now owns 1,639 shares of the company’s stock worth $62,000 after buying an additional 1,445 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.
Insider Buying and Selling at US Foods
In other US Foods news, Director Scott D. Ferguson sold 3,000,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $43.87, for a total value of $131,610,000.00. Following the sale, the director now owns 15,932,877 shares in the company, valued at approximately $698,975,313.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Morgan Stanley raised their price objective on shares of US Foods from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Piper Sandler raised shares of US Foods from a “neutral” rating to an “overweight” rating and increased their price target for the company from $45.00 to $59.00 in a research note on Tuesday, February 20th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Truist Financial increased their price target on US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of US Foods from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, US Foods currently has an average rating of “Buy” and a consensus target price of $52.75.
View Our Latest Stock Report on US Foods
US Foods Trading Down 1.1 %
NYSE USFD opened at $50.79 on Friday. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 0.86 and a beta of 1.57. The stock’s 50 day moving average price is $47.05 and its two-hundred day moving average price is $42.87. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. US Foods Holding Corp. has a 52 week low of $33.96 and a 52 week high of $51.76.
About US Foods
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.
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Source: americanbankingnews.com
