US Foods (NYSE:USFD – Get Rating) had its target price raised by Morgan Stanley from $44.00 to $46.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.
USFD has been the subject of several other reports. StockNews.com cut US Foods from a strong-buy rating to a buy rating in a report on Thursday, February 16th. Truist Financial upped their target price on US Foods to $43.00 in a research report on Wednesday, November 16th. Piper Sandler upped their target price on US Foods to $38.00 in a research report on Wednesday, November 16th. Deutsche Bank Aktiengesellschaft reduced their target price on US Foods from $44.00 to $41.00 in a research report on Friday, November 11th. Finally, BMO Capital Markets increased their price objective on US Foods from $45.00 to $50.00 in a report on Friday. Two equity research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $44.90.
US Foods Price Performance
Shares of US Foods stock opened at $39.61 on Friday. The stock has a 50-day moving average price of $36.48 and a 200-day moving average price of $32.89. US Foods has a year low of $25.49 and a year high of $39.75. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.80 and a current ratio of 1.36. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 39.61 and a beta of 1.46.
Insider Activity at US Foods
In other US Foods news, EVP Jay Kvasnicka sold 61,806 shares of US Foods stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $38.05, for a total transaction of $2,351,718.30. Following the completion of the sale, the executive vice president now directly owns 55,905 shares of the company’s stock, valued at approximately $2,127,185.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed via this link. 1.00% of the stock is currently owned by company insiders.
Institutional Trading of US Foods
A number of hedge funds and other institutional investors have recently made changes to their positions in USFD. Treasurer of the State of North Carolina boosted its holdings in US Foods by 15.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 94,156 shares of the company’s stock valued at $2,889,000 after purchasing an additional 12,782 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of US Foods during the 2nd quarter worth $314,000. US Bancorp DE increased its holdings in shares of US Foods by 5.0% during the 3rd quarter. US Bancorp DE now owns 10,853 shares of the company’s stock worth $287,000 after buying an additional 518 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of US Foods by 137.5% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 124,426 shares of the company’s stock worth $3,817,000 after buying an additional 72,026 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of US Foods during the 3rd quarter worth $824,000. Institutional investors and hedge funds own 97.06% of the company’s stock.
About US Foods
US Foods Holding Corp. operates as a food service distributor. Its products include frozen and dry food and non-food products to food service customers throughout the US The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.
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