Merit Financial Group LLC Invests $413,000 in US Foods Holding Corp. (NYSE:USFD)

Merit Financial Group LLC acquired a new stake in US Foods Holding Corp. (NYSE:USFD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,122 shares of the company’s stock, valued at approximately $413,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV grew its stake in shares of US Foods by 7.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 18,095 shares of the company’s stock worth $959,000 after buying an additional 1,177 shares during the last quarter. Pacer Advisors Inc. grew its position in US Foods by 20.1% during the 2nd quarter. Pacer Advisors Inc. now owns 47,874 shares of the company’s stock worth $2,536,000 after acquiring an additional 8,024 shares during the last quarter. Sei Investments Co. increased its holdings in US Foods by 91.4% in the 2nd quarter. Sei Investments Co. now owns 236,990 shares of the company’s stock worth $12,556,000 after purchasing an additional 113,168 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in US Foods by 69.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 96,266 shares of the company’s stock worth $5,100,000 after purchasing an additional 39,585 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in US Foods in the second quarter valued at about $27,473,000. Institutional investors own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on USFD. Truist Financial upped their price objective on US Foods from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Piper Sandler upped their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Barclays boosted their price objective on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group upped their price target on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $68.92.

US Foods Price Performance

Shares of USFD opened at $68.81 on Friday. The business’s 50 day moving average price is $68.42 and its two-hundred day moving average price is $61.91. The firm has a market cap of $16.03 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 0.93 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 52-week low of $44.81 and a 52-week high of $72.84.

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.