Algert Global LLC Purchases 157,079 Shares of US Foods Holding Corp. (NYSE:USFD)

Algert Global LLC raised its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 160.5% in the third quarter, HoldingsChannel.com reports. The firm owned 254,941 shares of the company’s stock after buying an additional 157,079 shares during the period. US Foods comprises 0.4% of Algert Global LLC’s holdings, making the stock its 13th largest position. Algert Global LLC’s holdings in US Foods were worth $15,679,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of US Foods in the 2nd quarter worth about $25,000. Quent Capital LLC raised its stake in shares of 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 during the last quarter. International Assets Investment Management LLC bought a new position in shares of US Foods in the second quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new position in shares of US Foods during the third quarter valued at approximately $31,000. Finally, Huntington National Bank grew its holdings in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays raised their price objective on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Truist Financial boosted their price target on shares of US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. UBS Group lifted their target price on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler upped their target price on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $71.09.

US Foods Price Performance

Shares of NYSE USFD opened at $69.44 on Friday. The stock has a fifty day simple moving average of $62.72 and a two-hundred day simple moving average of $57.18. US Foods Holding Corp. has a 1-year low of $42.80 and a 1-year high of $69.69. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Insider Activity

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

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.