Janney Montgomery Scott LLC Purchases 692 Shares of US Foods Holding Corp. (NYSE:USFD)

Janney Montgomery Scott LLC grew its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,940 shares of the company’s stock after buying an additional 692 shares during the period. Janney Montgomery Scott LLC’s holdings in US Foods were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new stake in US Foods in the 2nd quarter valued at $25,000. Quent Capital LLC raised its holdings in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after buying an additional 219 shares in the last quarter. International Assets Investment Management LLC acquired a new position in US Foods in the 2nd quarter worth about $30,000. UMB Bank n.a. increased its holdings in US Foods by 364.0% in the 3rd quarter. UMB Bank n.a. now owns 631 shares of the company’s stock worth $39,000 after purchasing an additional 495 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in US Foods in the 1st quarter worth about $50,000. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction 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 sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is owned by insiders.

US Foods Trading Down 2.0 %

Shares of US Foods stock opened at $64.66 on Friday. The firm has a 50-day simple moving average of $62.02 and a two-hundred day simple moving average of $56.74. The company has a market cap of $15.06 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66. US Foods Holding Corp. has a fifty-two week low of $42.19 and a fifty-two week high of $68.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on USFD shares. UBS Group upped their target price on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 8th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group lifted their target price on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Wells Fargo & Company lifted their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Finally, Truist Financial lifted their price target on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $71.09.

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.