TD Private Client Wealth LLC Cuts Stock Position in US Foods Holding Corp. (NYSE:USFD)

TD Private Client Wealth LLC cut its position in shares of US Foods Holding Corp. (NYSE:USFD) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,282 shares of the company’s stock after selling 536 shares during the period. TD Private Client Wealth LLC’s holdings in US Foods were worth $755,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Coldstream Capital Management Inc. raised its stake in shares of US Foods by 5.4% during the third quarter. Coldstream Capital Management Inc. now owns 4,776 shares of the company’s stock worth $295,000 after acquiring an additional 246 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock valued at $244,401,000 after purchasing an additional 241,900 shares during the last quarter. M&T Bank Corp raised its position in US Foods by 70.3% in the 3rd quarter. M&T Bank Corp now owns 19,074 shares of the company’s stock worth $1,173,000 after purchasing an additional 7,877 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in US Foods by 51.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 75,961 shares of the company’s stock worth $4,672,000 after purchasing an additional 25,714 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in US Foods during the third quarter valued at about $1,716,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Trading Up 0.8 %

NYSE:USFD opened at $69.49 on Friday. US Foods Holding Corp. has a 12 month low of $43.24 and a 12 month high of $72.84. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $65.54 and a 200-day moving average price of $58.97. The stock has a market cap of $16.19 billion, a price-to-earnings ratio of 29.82, a P/E/G ratio of 1.15 and a beta of 1.68.

Analysts Set New Price Targets

USFD has been the topic of several analyst reports. UBS Group lifted their price objective on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. 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 research report on Wednesday, September 25th. Piper Sandler increased their price objective on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Barclays lifted their target price on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company increased their price target on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $71.09.

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.