Cerity Partners LLC Purchases 14,920 Shares of US Foods Holding Corp. (NYSE:USFD)

Cerity Partners LLC increased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 79.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,735 shares of the company’s stock after acquiring an additional 14,920 shares during the period. Cerity Partners LLC’s holdings in US Foods were worth $2,075,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quent Capital LLC boosted its stake in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares in the last quarter. Acadian Asset Management LLC bought a new position in US Foods in the 2nd quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in US Foods during the 3rd quarter worth approximately $31,000. Huntington National Bank grew its holdings in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after acquiring an additional 409 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in US Foods in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

USFD has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upped their price target on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their price objective on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Finally, Barclays raised their price target on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $71.09.

US Foods Stock Down 0.1 %

Shares of NYSE USFD opened at $69.77 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The firm has a market cap of $16.25 billion, a PE ratio of 29.94, a P/E/G ratio of 1.15 and a beta of 1.66. The company’s fifty day simple moving average is $63.77 and its 200 day simple moving average is $57.90. US Foods Holding Corp. has a 12-month low of $42.96 and a 12-month high of $70.80.

Insider Transactions at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

About US Foods

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.