Dynamic Technology Lab Private Ltd Purchases New Shares in US Foods Holding Corp. (NYSE:USFD)

Dynamic Technology Lab Private Ltd acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 18,548 shares of the company’s stock, valued at approximately $1,141,000.

Other institutional investors also recently bought and sold shares of the company. Algert Global LLC grew its holdings in shares of US Foods by 160.5% during the third quarter. Algert Global LLC now owns 254,941 shares of the company’s stock worth $15,679,000 after buying an additional 157,079 shares during the last quarter. Cerity Partners LLC lifted its position in US Foods by 79.3% during the 3rd quarter. Cerity Partners LLC now owns 33,735 shares of the company’s stock worth $2,075,000 after acquiring an additional 14,920 shares during the period. Camden National Bank purchased a new position in shares of US Foods in the 3rd quarter valued at approximately $290,000. Citigroup Inc. increased its holdings in shares of US Foods by 19.8% in the third quarter. Citigroup Inc. now owns 153,379 shares of the company’s stock valued at $9,433,000 after purchasing an additional 25,365 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of US Foods by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock worth $105,342,000 after purchasing an additional 109,488 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was 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 directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 10.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on USFD shares. Piper Sandler boosted their price objective on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Jefferies Financial Group boosted their price target on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Barclays lifted their price objective on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Truist Financial upped their price target on shares of US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods has an average rating of “Buy” and an average price target of $71.09.

US Foods Price Performance

USFD stock opened at $70.17 on Wednesday. The stock has a 50-day simple moving average of $63.09 and a 200-day simple moving average of $57.48. US Foods Holding Corp. has a 1 year low of $42.96 and a 1 year high of $70.52. 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 firm has a market cap of $16.35 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66.

US Foods Company 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.