Bank of Montreal Can Buys 171 Shares of US Foods Holding Corp. (NYSE:USFD)

Bank of Montreal Can increased its position in US Foods Holding Corp. (NYSE:USFD) by 0.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,848 shares of the company’s stock after acquiring an additional 171 shares during the quarter. Bank of Montreal Can’s holdings in US Foods were worth $4,022,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of US Foods during the 2nd quarter valued at $25,000. Quent Capital LLC boosted its stake 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 buying an additional 219 shares during the period. International Assets Investment Management LLC purchased a new position in US Foods during the second quarter worth about $30,000. Ashton Thomas Securities LLC bought a new position in US Foods in the 3rd quarter worth about $31,000. Finally, Huntington National Bank raised its holdings in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after acquiring an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at US Foods

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

US Foods Stock Performance

NYSE:USFD opened at $70.62 on Wednesday. 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 fifty-two week low of $43.24 and a fifty-two week high of $70.96. The business has a 50 day moving average price of $64.10 and a 200-day moving average price of $58.11. The firm has a market cap of $16.45 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68.

Analyst Upgrades and Downgrades

USFD has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Barclays increased their price target 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. UBS Group lifted their price objective on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Truist Financial increased their target price on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group lifted their price target on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One 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 stock. According to MarketBeat.com, US Foods currently has an average rating of “Buy” and an average price target of $71.09.

US Foods 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.