3,310 Shares in US Foods Holding Corp. (NYSE:USFD) Purchased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,310 shares of the company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USFD. Allspring Global Investments Holdings LLC grew its holdings in shares of US Foods by 20.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,606 shares of the company’s stock worth $357,000 after buying an additional 1,132 shares during the last quarter. Headlands Technologies LLC purchased a new stake in US Foods in the 1st quarter valued at approximately $50,000. Russell Investments Group Ltd. boosted its holdings in US Foods by 3.6% in the 1st quarter. Russell Investments Group Ltd. now owns 59,418 shares of the company’s stock valued at $3,208,000 after purchasing an additional 2,039 shares in the last quarter. US Bancorp DE boosted its holdings in US Foods by 3.8% in the 1st quarter. US Bancorp DE now owns 9,355 shares of the company’s stock valued at $505,000 after purchasing an additional 344 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in US Foods in the 1st quarter valued at approximately $232,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by corporate insiders.

US Foods Trading Down 2.0 %

Shares of US Foods stock opened at $64.66 on Friday. US Foods Holding Corp. has a 1 year low of $42.19 and a 1 year high of $68.00. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The business has a 50 day moving average price of $62.02 and a 200 day moving average price of $56.74. The company has a market capitalization of $15.06 billion, a P/E ratio of 27.75, a P/E/G ratio of 1.12 and a beta of 1.66.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on USFD shares. Piper Sandler lifted their price objective on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. UBS Group lifted their price objective on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their price objective on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Truist Financial boosted their price target on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $71.09.

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.