Candriam S.C.A. bought a new stake in US Foods Holding Corp. (NYSE:USFD – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,260 shares of the company’s stock, valued at approximately $2,053,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in US Foods by 412.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,165,611 shares of the company’s stock valued at $313,755,000 after acquiring an additional 3,353,396 shares during the last quarter. Bank of Montreal Can grew its stake in US Foods by 8,056.1% in the fourth quarter. Bank of Montreal Can now owns 2,866,721 shares of the company’s stock worth $215,921,000 after purchasing an additional 2,831,573 shares in the last quarter. Norges Bank acquired a new position in US Foods in the fourth quarter worth about $192,849,000. Wellington Management Group LLP increased its holdings in US Foods by 14.2% in the third quarter. Wellington Management Group LLP now owns 12,875,970 shares of the company’s stock valued at $986,557,000 after buying an additional 1,599,033 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in US Foods by 9,713.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,243,456 shares of the company’s stock valued at $114,659,000 after buying an additional 1,230,785 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.
US Foods Stock Down 0.1%
US Foods stock opened at $101.17 on Wednesday. The company has a 50-day simple moving average of $90.51 and a 200-day simple moving average of $89.25. The firm has a market capitalization of $22.28 billion, a P/E ratio of 34.06, a P/E/G ratio of 1.30 and a beta of 0.79. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.70 and a current ratio of 1.14. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $105.17.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Piper Sandler lowered their price target on US Foods from $103.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Citigroup reduced their price objective on US Foods from $115.00 to $111.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. TD Cowen assumed coverage on shares of US Foods in a report on Tuesday, July 7th. They issued a “buy” rating and a $116.00 price objective for the company. BTIG Research lowered their target price on shares of US Foods from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of US Foods from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $106.31.
Check Out Our Latest Stock Report on USFD
US Foods Company Profile
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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