CIBC Asset Management Inc Raises Stake in US Foods Holding Corp. (NYSE:USFD)

CIBC Asset Management Inc raised its position in US Foods Holding Corp. (NYSE:USFD) by 3.3% during the third quarter, HoldingsChannel reports. The firm owned 7,096 shares of the company’s stock after buying an additional 226 shares during the quarter. CIBC Asset Management Inc’s holdings in US Foods were worth $436,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of USFD. Quent Capital LLC boosted its holdings in shares of US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in US Foods in the second quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in US Foods in the third quarter valued at $31,000. Huntington National Bank grew its holdings in shares of US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after purchasing an additional 409 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of US Foods in the 3rd quarter valued at about $34,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Trading Up 2.2 %

NYSE USFD opened at $68.02 on Friday. US Foods Holding Corp. has a 52-week low of $42.56 and a 52-week high of $68.08. The firm has a 50-day moving average price of $62.54 and a 200 day moving average price of $57.11. The stock has a market capitalization of $15.84 billion, a P/E ratio of 28.88, a P/E/G ratio of 1.10 and a beta of 1.66. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

Insider Activity

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. This trade represents a 10.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on USFD. JPMorgan Chase & Co. lifted their price target on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. UBS Group increased their price target on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Truist Financial raised their price objective on shares of US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their target price on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Barclays raised their price target on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $71.09.

US Foods Company Profile

US Foods Holding Corp., together with its subsidiaries, 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.