Park Avenue Securities LLC Buys 762 Shares of US Foods Holding Corp. (NYSE:USFD)

Park Avenue Securities LLC raised its stake in US Foods Holding Corp. (NYSE:USFD) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,147 shares of the company’s stock after buying an additional 762 shares during the period. Park Avenue Securities LLC’s holdings in US Foods were worth $482,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in US Foods by 25.2% in the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after buying an additional 2,435,357 shares during the period. State Street Corp raised its position in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after acquiring an additional 316,061 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of US Foods by 4.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after purchasing an additional 291,016 shares during the period. Geode Capital Management LLC boosted its position in shares of US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock valued at $244,401,000 after purchasing an additional 241,900 shares in the last quarter. Finally, Congress Asset Management Co. acquired a new stake in US Foods during the third quarter worth approximately $121,196,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Stock Performance

Shares of USFD opened at $68.81 on Friday. US Foods Holding Corp. has a 52 week low of $44.81 and a 52 week high of $72.84. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The stock has a 50 day moving average price of $68.42 and a two-hundred day moving average price of $61.91. The firm has a market capitalization of $16.03 billion, a P/E ratio of 29.53, a P/E/G ratio of 0.93 and a beta of 1.67.

Analysts Set New Price Targets

Several equities analysts have issued reports on USFD shares. Jefferies Financial Group boosted their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Morgan Stanley raised their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays upped their price objective on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their target price on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One 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 company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $68.92.

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.