Nomura Asset Management Co. Ltd. Acquires 25,714 Shares of US Foods Holding Corp. (NYSE:USFD)

Nomura Asset Management Co. Ltd. raised its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 51.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,961 shares of the company’s stock after purchasing an additional 25,714 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in US Foods were worth $4,672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USFD. Quent Capital LLC raised its position in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after acquiring an additional 219 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in US Foods during the 2nd quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in US Foods during the 3rd quarter worth approximately $31,000. Huntington National Bank lifted its position in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after purchasing an additional 409 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in shares of US Foods in the 3rd quarter valued at $34,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Barclays lifted their price objective on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Piper Sandler upped their target price on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Truist Financial lifted their target price on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group increased their price target on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.09.

US Foods Price Performance

Shares of USFD opened at $69.49 on Friday. The stock has a market cap of $16.19 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.15 and a beta of 1.68. The business’s fifty day moving average is $65.54 and its 200 day moving average is $58.97. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a 12-month low of $43.24 and a 12-month high of $72.84.

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.