Capital World Investors grew its holdings in US Foods Holding Corp. (NYSE:USFD – Free Report) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,862,100 shares of the company’s stock after buying an additional 1,197,360 shares during the quarter. Capital World Investors owned 5.77% of US Foods worth $968,773,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the company. Royal Bank of Canada grew its holdings in US Foods by 85.8% during the 1st quarter. Royal Bank of Canada now owns 148,512 shares of the company’s stock worth $9,722,000 after acquiring an additional 68,567 shares during the last quarter. Empowered Funds LLC bought a new stake in US Foods during the 1st quarter worth about $359,000. Sivia Capital Partners LLC bought a new stake in US Foods during the 2nd quarter worth about $526,000. Brown Advisory Inc. bought a new stake in US Foods during the 2nd quarter worth about $252,000. Finally, Cerity Partners LLC grew its holdings in US Foods by 20.5% during the 2nd quarter. Cerity Partners LLC now owns 47,977 shares of the company’s stock worth $3,695,000 after acquiring an additional 8,162 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.
US Foods Stock Down 0.1%
US Foods stock opened at $84.49 on Monday. The company’s 50 day simple moving average is $87.59 and its 200 day simple moving average is $85.26. US Foods Holding Corp. has a fifty-two week low of $69.88 and a fifty-two week high of $102.13. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.06 and a beta of 0.83. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.14 and a quick ratio of 0.70.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on USFD shares. Sanford C. Bernstein reissued an “outperform” rating and set a $106.00 price objective on shares of US Foods in a report on Friday, February 13th. UBS Group reissued a “buy” rating and set a $117.00 price objective on shares of US Foods in a report on Friday, February 13th. Zacks Research lowered shares of US Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Wells Fargo & Company increased their price objective on shares of US Foods from $87.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Finally, Piper Sandler decreased their price objective on shares of US Foods from $103.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $105.50.
Get Our Latest Research Report on US Foods
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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