US Foods Holding Corp. (NYSE:USFD) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in US Foods Holding Corp. (NYSE:USFD) by 29.6% during the third quarter, Holdings Channel.com reports. The fund owned 13,943 shares of the company’s stock after purchasing an additional 3,183 shares during the quarter. Advisors Asset Management Inc.’s holdings in US Foods were worth $857,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USFD. Massachusetts Financial Services Co. MA grew its position in shares of US Foods by 46.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after purchasing an additional 2,064,321 shares during the period. Congress Asset Management Co. acquired a new stake in US Foods in the 3rd quarter worth about $121,196,000. Interval Partners LP increased its stake in US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock worth $98,905,000 after buying an additional 1,470,630 shares in the last quarter. Ensign Peak Advisors Inc raised its holdings in shares of US Foods by 175.8% during the second quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock valued at $57,764,000 after acquiring an additional 694,999 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of US Foods by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock valued at $239,940,000 after acquiring an additional 567,601 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on USFD. Truist Financial boosted 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. Barclays upped their target price on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 9th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $71.09.

Insider Buying and Selling

In other news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

US Foods Stock Up 0.4 %

Shares of NYSE USFD opened at $70.17 on Wednesday. The company has a market capitalization of $16.35 billion, a P/E ratio of 30.12, a P/E/G ratio of 1.15 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The company has a 50 day simple moving average of $63.09 and a 200-day simple moving average of $57.48. US Foods Holding Corp. has a 1 year low of $42.96 and a 1 year high of $70.52.

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.