BNP Paribas Financial Markets Purchases 224,219 Shares of US Foods Holding Corp. (NYSE:USFD)

BNP Paribas Financial Markets lifted its position in shares of US Foods Holding Corp. (NYSE:USFD) by 2,338.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,806 shares of the company’s stock after purchasing an additional 224,219 shares during the quarter. BNP Paribas Financial Markets owned about 0.10% of US Foods worth $14,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of US Foods by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 162,128 shares of the company’s stock valued at $8,751,000 after purchasing an additional 9,652 shares in the last quarter. GAMMA Investing LLC increased its position in US Foods by 70.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,858 shares of the company’s stock valued at $98,000 after buying an additional 770 shares in the last quarter. First Hawaiian Bank raised its stake in US Foods by 10.2% during the second quarter. First Hawaiian Bank now owns 9,773 shares of the company’s stock valued at $518,000 after buying an additional 903 shares during the last quarter. Fulton Bank N.A. boosted its holdings in US Foods by 10.2% in the second quarter. Fulton Bank N.A. now owns 10,141 shares of the company’s stock worth $537,000 after acquiring an additional 935 shares in the last quarter. Finally, CWM LLC grew its stake in shares of US Foods by 123.9% in the second quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $217,000 after acquiring an additional 2,262 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Price Performance

Shares of NYSE:USFD opened at $69.77 on Monday. The firm’s 50 day moving average price is $63.77 and its 200-day moving average price is $57.90. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $16.25 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66. US Foods Holding Corp. has a twelve month low of $42.96 and a twelve month high of $70.80.

Analyst Ratings Changes

USFD has been the subject of several recent analyst reports. UBS Group lifted their price target on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price target on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Barclays increased their target price on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Piper Sandler boosted their price target on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. 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, US Foods currently has an average rating of “Buy” and a consensus price target of $71.09.

Insiders Place Their Bets

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm’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 directly owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

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.