Fifth Third Bancorp Buys 271 Shares of US Foods Holding Corp. (NYSE:USFD)

Fifth Third Bancorp grew its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,636 shares of the company’s stock after purchasing an additional 271 shares during the period. Fifth Third Bancorp’s holdings in US Foods were worth $178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in US Foods by 18.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,193 shares of the company’s stock valued at $1,430,000 after acquiring an additional 3,253 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of US Foods by 175.5% during the fourth quarter. SG Americas Securities LLC now owns 9,242 shares of the company’s stock valued at $623,000 after purchasing an additional 5,887 shares in the last quarter. Dakota Wealth Management grew its stake in US Foods by 17.0% in the fourth quarter. Dakota Wealth Management now owns 3,899 shares of the company’s stock worth $263,000 after purchasing an additional 566 shares during the period. Nisa Investment Advisors LLC grew its stake in US Foods by 75.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 77,945 shares of the company’s stock worth $5,258,000 after purchasing an additional 33,520 shares during the period. Finally, Sheets Smith Wealth Management lifted its position in US Foods by 39.5% during the fourth quarter. Sheets Smith Wealth Management now owns 8,558 shares of the company’s stock valued at $577,000 after buying an additional 2,424 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial upped their target price on shares of US Foods from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. UBS Group raised their target price on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their price target on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Finally, Melius initiated coverage on US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price on the stock. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $68.92.

US Foods Stock Down 1.0 %

USFD opened at $71.02 on Friday. The stock has a market capitalization of $16.54 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 0.96 and a beta of 1.67. The firm has a 50 day moving average price of $68.97 and a 200-day moving average price of $62.77. US Foods Holding Corp. has a twelve month low of $45.24 and a twelve month high of $72.84. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

US Foods 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.