HighTower Advisors LLC Acquires 3,368 Shares of US Foods Holding Corp. (NYSE:USFD)

HighTower Advisors LLC increased its holdings in US Foods Holding Corp. (NYSE:USFD) by 16.8% in the third quarter, Holdings Channel.com reports. The firm owned 23,419 shares of the company’s stock after acquiring an additional 3,368 shares during the period. HighTower Advisors LLC’s holdings in US Foods were worth $1,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Public Sector Pension Investment Board lifted its stake in US Foods by 100.2% in the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after acquiring an additional 2,064,321 shares during the last quarter. Congress Asset Management Co. bought a new stake in shares of US Foods in the 3rd quarter valued at about $121,196,000. Interval Partners LP boosted its holdings in US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after acquiring an additional 1,470,630 shares during the period. Finally, Ensign Peak Advisors Inc grew its position in US Foods by 175.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock worth $57,764,000 after acquiring an additional 694,999 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

USFD has been the subject of a number of analyst reports. UBS Group increased their price objective on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler increased their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Jefferies Financial Group boosted their price objective on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Barclays increased 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. Finally, StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $71.09.

US Foods Stock Performance

Shares of USFD opened at $69.50 on Monday. US Foods Holding Corp. has a one year low of $43.24 and a one year high of $72.84. The company has a 50-day simple moving average of $65.54 and a two-hundred day simple moving average of $59.06. 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 firm has a market capitalization of $16.19 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 1.15 and a beta of 1.68.

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.