KBC Group NV Buys 2,795 Shares of US Foods Holding Corp. (NYSE:USFD)

KBC Group NV increased its stake in US Foods Holding Corp. (NYSE:USFD) by 45.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,971 shares of the company’s stock after acquiring an additional 2,795 shares during the period. KBC Group NV’s holdings in US Foods were worth $605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of USFD. Quent Capital LLC boosted its stake in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after purchasing an additional 219 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of US Foods during the third quarter valued at approximately $31,000. Huntington National Bank grew its stake in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of US Foods during the third quarter valued at approximately $34,000. Finally, First Horizon Advisors Inc. raised its holdings in shares of US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after buying an additional 202 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Down 1.0 %

Shares of NYSE USFD opened at $71.02 on Monday. US Foods Holding Corp. has a 12-month low of $45.24 and a 12-month high of $72.84. The stock’s fifty day simple moving average is $68.97 and its two-hundred day simple moving average is $62.90. The stock has a market capitalization of $16.54 billion, a PE ratio of 30.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.67. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial upped their price objective on US Foods from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Barclays raised their price target on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note 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. Piper Sandler raised their target price on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, UBS Group boosted their price target on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, US Foods has a consensus rating of “Buy” and an average price target of $68.92.

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.