Everence Capital Management Inc. Invests $468,000 in US Foods Holding Corp. (NYSE:USFD)

Everence Capital Management Inc. purchased a new stake in US Foods Holding Corp. (NYSE:USFD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,940 shares of the company’s stock, valued at approximately $468,000.

Several other institutional investors have also recently added to or reduced their stakes in USFD. Acadian Asset Management LLC bought a new stake in shares of US Foods in the 2nd quarter worth about $25,000. Quent Capital LLC grew its stake in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after purchasing an additional 219 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in US Foods in the third quarter valued at about $31,000. Huntington National Bank raised its stake in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in US Foods during the 3rd quarter worth approximately $34,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

USFD has been the subject of a number of research analyst reports. Truist Financial boosted their price target on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. UBS Group increased 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. Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Piper Sandler increased their price objective on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group lifted their target price on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $67.08.

US Foods Trading Up 0.9 %

Shares of USFD stock opened at $67.98 on Monday. The firm has a market capitalization of $15.84 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.15 and a beta of 1.67. 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 1 year low of $44.81 and a 1 year high of $72.84. The stock has a fifty day moving average of $67.44 and a two-hundred day moving average of $60.59.

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.