HighTower Advisors LLC Purchases 3,368 Shares of US Foods Holding Corp. (NYSE:USFD)

HighTower Advisors LLC lifted its position in shares of US Foods Holding Corp. (NYSE:USFD) by 16.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,419 shares of the company’s stock after acquiring an additional 3,368 shares during the quarter. HighTower Advisors LLC’s holdings in US Foods were worth $1,442,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in USFD. Bank of Montreal Can increased its stake in shares of US Foods by 0.3% in the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after purchasing an additional 171 shares in the last quarter. Davis Investment Partners LLC boosted its holdings in US Foods by 0.7% in the 3rd quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock worth $1,775,000 after buying an additional 193 shares during the period. First Horizon Advisors Inc. grew its stake in US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after buying an additional 202 shares in the last quarter. Quent Capital LLC raised its holdings in US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after acquiring an additional 219 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of US Foods by 3.3% during the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock worth $436,000 after acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

NYSE USFD opened at $69.50 on Monday. The company has a market capitalization of $16.19 billion, a P/E ratio of 29.83, a P/E/G ratio of 1.15 and a beta of 1.68. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. US Foods Holding Corp. has a 52-week low of $43.24 and a 52-week high of $72.84. The company has a fifty day moving average of $65.54 and a 200-day moving average of $59.06.

Analysts Set New Price Targets

Several brokerages have recently weighed in on USFD. Truist Financial lifted their price target on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Barclays upped their price target on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. UBS Group upped their target price on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus 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.