US Foods (NYSE:USFD) Reaches New 12-Month High – What’s Next?

US Foods Holding Corp. (NYSE:USFD) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $70.80 and last traded at $70.42, with a volume of 17563 shares trading hands. The stock had previously closed at $70.17.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of recent analyst reports. UBS Group boosted their target price on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Truist Financial raised their target price 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. Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Barclays lifted their price objective on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, US Foods currently has a consensus rating of “Buy” and a consensus price target of $71.09.

US Foods Stock Down 0.1 %

The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The stock’s 50-day simple moving average is $63.27 and its 200 day simple moving average is $57.58. The firm has a market cap of $16.32 billion, a P/E ratio of 30.12, a PEG ratio of 1.15 and a beta of 1.66.

Insiders Place Their Bets

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Sector Pension Investment Board raised its holdings in shares of US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after purchasing an additional 2,500,000 shares during the period. Wellington Management Group LLP lifted its stake in shares of US Foods by 25.2% during the 3rd 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 in the last quarter. Massachusetts Financial Services Co. MA grew its stake in US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after buying an additional 2,064,321 shares in the last quarter. Congress Asset Management Co. bought a new stake in US Foods during the 3rd quarter valued at $121,196,000. Finally, Interval Partners LP boosted its stake in US Foods by 371.2% in the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock worth $98,905,000 after purchasing an additional 1,470,630 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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.