Hsbc Holdings PLC lifted its position in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 109.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,120 shares of the company’s stock after acquiring an additional 9,459 shares during the period. Hsbc Holdings PLC’s holdings in US Foods were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of US Foods in the 3rd quarter valued at approximately $26,000. Steph & Co. acquired a new stake in shares of US Foods during the fourth quarter worth $34,000. Geneos Wealth Management Inc. raised its position in shares of US Foods by 120.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after acquiring an additional 263 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in US Foods in the third quarter worth approximately $49,000. Finally, Root Financial Partners LLC increased its stake in shares of US Foods by 22.4% in the 4th quarter. Root Financial Partners LLC now owns 840 shares of the company’s stock valued at $63,000 after acquiring an additional 154 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.
US Foods Price Performance
Shares of NYSE:USFD opened at $101.96 on Thursday. The company’s fifty day moving average price is $88.73 and its 200-day moving average price is $87.65. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $103.06. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.14 and a quick ratio of 0.70. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 1.30 and a beta of 0.79.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. BTIG Research dropped their price target on US Foods from $110.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. Zacks Research lowered shares of US Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. JPMorgan Chase & Co. cut their price objective on US Foods from $98.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Wall Street Zen downgraded shares of US Foods from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Piper Sandler cut their price target on US Foods from $103.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $105.50.
Check Out Our Latest Stock Report on USFD
About US Foods
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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