Meitav Investment House Ltd. Purchases Shares of 14,543 US Foods Holding Corp. (NYSE:USFD)

Meitav Investment House Ltd. purchased a new stake in US Foods Holding Corp. (NYSE:USFD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,543 shares of the company’s stock, valued at approximately $476,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in US Foods by 67.4% during the 1st quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock worth $26,000 after acquiring an additional 285 shares in the last quarter. KB Financial Partners LLC purchased a new position in shares of US Foods in the 1st quarter valued at about $34,000. Fifth Third Bancorp lifted its stake in US Foods by 44.6% during the second quarter. Fifth Third Bancorp now owns 875 shares of the company’s stock worth $38,000 after purchasing an additional 270 shares during the last quarter. Signaturefd LLC lifted its stake in US Foods by 46.6% during the first quarter. Signaturefd LLC now owns 1,217 shares of the company’s stock worth $45,000 after purchasing an additional 387 shares during the last quarter. Finally, Money Concepts Capital Corp acquired a new position in US Foods in the fourth quarter valued at approximately $46,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on USFD shares. Morgan Stanley raised their price objective on shares of US Foods from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of US Foods in a report on Thursday, October 19th. They set a “buy” rating and a $50.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Truist Financial raised their target price on shares of US Foods from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, US Foods presently has an average rating of “Buy” and a consensus target price of $49.70.

US Foods Stock Performance

NYSE:USFD opened at $42.85 on Friday. The firm’s fifty day moving average price is $39.31 and its 200 day moving average price is $40.69. US Foods Holding Corp. has a 1-year low of $33.61 and a 1-year high of $44.52. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.29 and a quick ratio of 0.81. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.51.

US Foods Company Profile

US Foods Holding Corp., through its subsidiary, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.