Amalgamated Bank boosted its stake in US Foods Holding Corp. (NYSE:USFD – Free Report) by 2.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,127 shares of the company’s stock after buying an additional 2,272 shares during the period. Amalgamated Bank’s holdings in US Foods were worth $8,250,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. OMNI 360 Wealth Inc. bought a new position in shares of US Foods during the 2nd quarter valued at about $276,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of US Foods by 14.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company’s stock valued at $622,000 after purchasing an additional 1,200 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of US Foods by 152.6% during the 1st quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company’s stock valued at $6,858,000 after purchasing an additional 63,288 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of US Foods during the 1st quarter valued at about $91,087,000. Finally, GAMMA Investing LLC boosted its position in shares of US Foods by 16.0% during the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company’s stock valued at $226,000 after purchasing an additional 478 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.
US Foods Stock Down 0.9%
USFD stock opened at $72.61 on Friday. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.11. The company’s 50 day simple moving average is $76.64 and its 200-day simple moving average is $76.23. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. The firm has a market capitalization of $16.35 billion, a P/E ratio of 31.03, a P/E/G ratio of 1.02 and a beta of 1.36.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Weiss Ratings restated a “buy (b+)” rating on shares of US Foods in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Sanford C. Bernstein assumed coverage on shares of US Foods in a research note on Wednesday, October 22nd. They set an “outperform” rating and a $95.00 price objective for the company. Finally, Guggenheim raised their target price on shares of US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, US Foods has a consensus rating of “Buy” and a consensus price target of $82.42.
View Our Latest Analysis on USFD
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.
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