ING Groep NV Acquires New Position in US Foods Holding Corp. (NYSE:USFD)

ING Groep NV acquired a new position in US Foods Holding Corp. (NYSE:USFD) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 148,800 shares of the company’s stock, valued at approximately $9,151,000.

Several other institutional investors and hedge funds have also bought and sold shares of USFD. Acadian Asset Management LLC acquired a new stake in shares of US Foods in the second quarter valued at about $25,000. Quent Capital LLC boosted its stake in US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after buying an additional 219 shares during the last quarter. International Assets Investment Management LLC acquired a new position in US Foods in the 2nd quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new position in US Foods in the third quarter worth approximately $31,000. Finally, Huntington National Bank grew its holdings in shares of 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 purchasing an additional 409 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Performance

NYSE USFD opened at $64.66 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.12 and a beta of 1.66. US Foods Holding Corp. has a 1-year low of $42.19 and a 1-year high of $68.00. The company has a 50 day moving average of $62.02 and a 200-day moving average of $56.74.

Insider Buying and Selling

In related news, CFO Dirk J. Locascio sold 10,000 shares of the business’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 approximately $5,132,225.85. The trade was a 10.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

USFD has been the topic of several research analyst reports. Barclays boosted their price objective on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft upped their target price on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Piper Sandler lifted their price objective on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.