ING Groep NV Invests $9.15 Million in US Foods Holding Corp. (NYSE:USFD)

ING Groep NV bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 148,800 shares of the company’s stock, valued at approximately $9,151,000. ING Groep NV owned about 0.06% of US Foods at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of US Foods in the second quarter valued at approximately $25,000. Quent Capital LLC boosted its holdings in shares of US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares during the period. International Assets Investment Management LLC acquired a new stake in US Foods in the 2nd quarter valued at approximately $30,000. Ashton Thomas Securities LLC bought a new stake in US Foods during the 3rd quarter worth about $31,000. Finally, Huntington National Bank boosted its holdings in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at US Foods

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 value of $579,500.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

USFD has been the topic of several research reports. Truist Financial upped their price target on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 8th. UBS Group raised their target price on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report 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. Jefferies Financial Group boosted their price objective on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, 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. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, US Foods presently has an average rating of “Buy” and a consensus price target of $71.09.

US Foods Stock Down 2.0 %

USFD opened at $64.66 on Friday. The stock has a market cap of $15.06 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66. 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’s fifty day moving average is $62.02 and its 200 day moving average is $56.74. US Foods Holding Corp. has a fifty-two week low of $42.19 and a fifty-two week high of $68.00.

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.