Pacer Advisors Inc. raised its position in US Foods Holding Corp. (NYSE:USFD – Free Report) by 2,127.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 766,147 shares of the company’s stock after purchasing an additional 731,747 shares during the period. Pacer Advisors Inc. owned 0.35% of US Foods worth $57,706,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in US Foods by 85.8% in the first quarter. Royal Bank of Canada now owns 148,512 shares of the company’s stock valued at $9,722,000 after buying an additional 68,567 shares during the period. Empowered Funds LLC acquired a new stake in US Foods during the 1st quarter worth about $359,000. Sivia Capital Partners LLC acquired a new stake in US Foods during the 2nd quarter worth about $526,000. Brown Advisory Inc. bought a new position in shares of US Foods in the 2nd quarter worth about $252,000. Finally, Cerity Partners LLC raised its position in shares of US Foods by 20.5% in 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 in the last quarter. 98.76% of the stock is owned by institutional investors.
US Foods Price Performance
USFD stock opened at $92.49 on Friday. 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 company’s 50-day moving average is $87.74 and its 200-day moving average is $86.35. The stock has a market capitalization of $20.37 billion, a PE ratio of 31.14, a price-to-earnings-growth ratio of 1.15 and a beta of 0.83. US Foods Holding Corp. has a 1 year low of $69.88 and a 1 year high of $102.13.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on USFD shares. Citigroup dropped 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. Weiss Ratings cut US Foods from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded US Foods from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. BTIG Research cut their price target on US Foods from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, Piper Sandler reduced their price objective on shares of US Foods from $103.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $105.50.
Check Out Our Latest Report on USFD
US Foods 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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