Sanctuary Advisors LLC bought a new position in US Foods Holding Corp. (NYSE:USFD – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 9,304 shares of the company’s stock, valued at approximately $951,000.
Several other institutional investors and hedge funds have also recently modified their holdings of USFD. Royal Bank of Canada boosted its position in shares of US Foods by 85.8% during the 1st quarter. Royal Bank of Canada now owns 148,512 shares of the company’s stock valued at $9,722,000 after acquiring an additional 68,567 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of US Foods during the first quarter worth about $359,000. Sivia Capital Partners LLC bought a new position in shares of US Foods in the second quarter worth approximately $526,000. Brown Advisory Inc. bought a new position in shares of US Foods in the second quarter worth approximately $252,000. Finally, Cerity Partners LLC raised its stake in US Foods by 20.5% in the second quarter. Cerity Partners LLC now owns 47,977 shares of the company’s stock valued at $3,695,000 after purchasing an additional 8,162 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.
US Foods Stock Down 0.6%
Shares of NYSE USFD opened at $107.83 on Friday. The stock has a market capitalization of $23.33 billion, a P/E ratio of 33.18, a PEG ratio of 1.38 and a beta of 0.81. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $111.42. The firm’s 50 day simple moving average is $102.20 and its two-hundred day simple moving average is $94.37. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.14 and a quick ratio of 0.70.
Insider Activity
In other news, insider Randy J. Taylor sold 11,630 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $110.37, for a total value of $1,283,603.10. Following the completion of the sale, the insider owned 73,618 shares of the company’s stock, valued at approximately $8,125,218.66. The trade was a 13.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William Spencer Hancock sold 21,754 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $108.29, for a total value of $2,355,740.66. Following the transaction, the insider owned 101,144 shares in the company, valued at approximately $10,952,883.76. The trade was a 17.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.74% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on USFD. Morgan Stanley set a $107.00 target price on shares of US Foods in a research report on Friday, August 7th. Wall Street Zen raised shares of US Foods from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Piper Sandler raised their price objective on shares of US Foods from $88.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Wells Fargo & Company lifted their price objective on shares of US Foods from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research report on Wednesday, July 29th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.92.
Get Our Latest Report on US Foods
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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