PNC Financial Services Group Inc. lifted its position in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 4.0% during the third quarter, Holdings Channel reports. The firm owned 11,049 shares of the company’s stock after acquiring an additional 428 shares during the period. PNC Financial Services Group Inc.’s holdings in US Foods were worth $439,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the company. Citigroup Inc. lifted its position in shares of US Foods by 1,531.2% during the third quarter. Citigroup Inc. now owns 273,427 shares of the company’s stock valued at $10,855,000 after purchasing an additional 256,665 shares in the last quarter. Liontrust Investment Partners LLP lifted its position in shares of US Foods by 62.8% during the third quarter. Liontrust Investment Partners LLP now owns 527,343 shares of the company’s stock valued at $20,936,000 after purchasing an additional 203,399 shares in the last quarter. Oliver Luxxe Assets LLC lifted its position in shares of US Foods by 2.4% during the third quarter. Oliver Luxxe Assets LLC now owns 62,574 shares of the company’s stock valued at $2,484,000 after purchasing an additional 1,444 shares in the last quarter. Sasco Capital Inc. CT raised its position in US Foods by 75.6% in the third quarter. Sasco Capital Inc. CT now owns 629,560 shares of the company’s stock worth $24,994,000 after acquiring an additional 271,140 shares during the period. Finally, UBS Group AG raised its position in US Foods by 289.8% in the third quarter. UBS Group AG now owns 266,998 shares of the company’s stock worth $10,600,000 after acquiring an additional 198,497 shares during the period. 98.69% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on USFD shares. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. UBS Group raised shares of US Foods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $64.00 in a research report on Tuesday, February 20th. Piper Sandler raised shares of US Foods from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $59.00 in a research report on Tuesday, February 20th. Finally, BMO Capital Markets lifted their target price on shares of US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $52.75.
Check Out Our Latest Stock Analysis on US Foods
Insider Activity at US Foods
In related 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 shares were sold at an average price of $43.87, for a total transaction of $131,610,000.00. Following the completion of the transaction, the director now owns 15,932,877 shares of the company’s stock, valued at $698,975,313.99. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.
US Foods Price Performance
Shares of NYSE:USFD opened at $50.79 on Friday. The company has a 50 day moving average of $47.05 and a 200 day moving average of $42.87. The stock has a market cap of $12.44 billion, a P/E ratio of 25.14, a P/E/G ratio of 0.86 and a beta of 1.57. US Foods Holding Corp. has a 12 month low of $33.96 and a 12 month high of $51.76. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.96.
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: defenseworld.net
