US Foods Holding Corp. (NYSE:USFD) Shares Purchased by Truist Financial Corp

Truist Financial Corp increased its position in shares of US Foods Holding Corp. (NYSE:USFDGet Rating) by 11.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 27,875 shares of the company’s stock after acquiring an additional 2,943 shares during the quarter. Truist Financial Corp’s holdings in US Foods were worth $737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USFD. Northwestern Mutual Wealth Management Co. lifted its stake in US Foods by 53.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,492 shares of the company’s stock worth $45,000 after purchasing an additional 519 shares in the last quarter. Covestor Ltd lifted its stake in US Foods by 744.8% during the first quarter. Covestor Ltd now owns 1,639 shares of the company’s stock worth $62,000 after purchasing an additional 1,445 shares in the last quarter. Ellevest Inc. lifted its stake in US Foods by 582.1% during the second quarter. Ellevest Inc. now owns 1,787 shares of the company’s stock worth $55,000 after purchasing an additional 1,525 shares in the last quarter. Captrust Financial Advisors lifted its stake in US Foods by 29.9% during the first quarter. Captrust Financial Advisors now owns 2,144 shares of the company’s stock worth $81,000 after purchasing an additional 493 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in US Foods during the second quarter worth $116,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Up 1.9 %

US Foods stock opened at $36.64 on Friday. US Foods Holding Corp. has a 1-year low of $25.49 and a 1-year high of $39.73. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.36 and a quick ratio of 0.80. The stock has a market cap of $8.24 billion, a PE ratio of 41.17 and a beta of 1.42. The stock’s fifty day moving average is $35.49 and its two-hundred day moving average is $32.06.

US Foods (NYSE:USFDGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.01. US Foods had a return on equity of 12.54% and a net margin of 0.73%. The company had revenue of $8.92 billion for the quarter, compared to analysts’ expectations of $8.64 billion. On average, sell-side analysts expect that US Foods Holding Corp. will post 2.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $33.00, for a total transaction of $660,000.00. Following the transaction, the chief financial officer now owns 128,624 shares of the company’s stock, valued at $4,244,592. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on US Foods from $44.00 to $41.00 in a research note on Friday, November 11th. Piper Sandler increased their price objective on US Foods to $38.00 in a research note on Wednesday, November 16th. Morgan Stanley increased their price objective on US Foods from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Wednesday. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 16th. Finally, TheStreet upgraded US Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, December 6th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.

US Foods Company Profile

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US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.

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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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