US Foods Holding Corp. (NYSE:USFD) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in US Foods Holding Corp. (NYSE:USFD) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189,424 shares of the company’s stock after purchasing an additional 3,836 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in US Foods were worth $11,650,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Acadian Asset Management LLC acquired a new stake in US Foods in the second quarter worth approximately $25,000. Quent Capital LLC grew its position in US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of US Foods during the 2nd quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new position in US Foods in the 3rd quarter worth about $31,000. Finally, Huntington National Bank increased its holdings in US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The trade was a 10.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

US Foods Stock Down 0.3 %

Shares of USFD opened at $69.54 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. US Foods Holding Corp. has a 52 week low of $43.24 and a 52 week high of $70.80. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.15 and a beta of 1.66. The business’s fifty day moving average price is $63.93 and its two-hundred day moving average price is $58.01.

Analyst Upgrades and Downgrades

USFD has been the topic of several recent research reports. Truist Financial raised their target price on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their price target on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group boosted their price target on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $71.09.

US Foods Company 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.