BNP Paribas Financial Markets Purchases 224,219 Shares of US Foods Holding Corp. (NYSE:USFD)

BNP Paribas Financial Markets increased its position in US Foods Holding Corp. (NYSE:USFD) by 2,338.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 233,806 shares of the company’s stock after buying an additional 224,219 shares during the period. BNP Paribas Financial Markets’ holdings in US Foods were worth $14,379,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of USFD. Price T Rowe Associates Inc. MD raised its position in shares of US Foods by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 162,128 shares of the company’s stock valued at $8,751,000 after buying an additional 9,652 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in US Foods by 121.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after purchasing an additional 28,232 shares in the last quarter. Jag Capital Management LLC boosted its holdings in shares of US Foods by 3,175.1% during the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after purchasing an additional 164,060 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of US Foods by 72.0% during the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock valued at $40,000 after purchasing an additional 275 shares in the last quarter. Finally, Distillate Capital Partners LLC bought a new stake in shares of US Foods in the second quarter worth about $13,951,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on USFD. Barclays raised their price target on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on shares of 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 increased their price objective on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Piper Sandler boosted their target price 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. Finally, StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, US Foods has a consensus rating of “Buy” and an average price target of $71.09.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 approximately $5,132,225.85. This trade represents a 10.15 % decrease in their ownership of the stock. The sale 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.

US Foods Trading Down 0.1 %

Shares of NYSE USFD opened at $69.77 on Monday. The business’s 50 day moving average price is $63.77 and its 200-day moving average price is $57.90. US Foods Holding Corp. has a fifty-two week low of $42.96 and a fifty-two week high of $70.80. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.15 and a beta of 1.66.

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.