Charles Schwab Investment Management Inc. Increases Position in US Foods Holding Corp. (NYSE:USFD)

Charles Schwab Investment Management Inc. boosted its holdings in US Foods Holding Corp. (NYSE:USFD) by 6.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,712,880 shares of the company’s stock after purchasing an additional 109,488 shares during the period. Charles Schwab Investment Management Inc. owned about 0.70% of US Foods worth $105,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of USFD. Davis Investment Partners LLC grew its position in shares of US Foods by 0.7% during the third quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock worth $1,775,000 after buying an additional 193 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares in the last quarter. Quent Capital LLC increased its position in shares of US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after purchasing an additional 219 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of US Foods by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock valued at $436,000 after purchasing an additional 226 shares in the last quarter. Finally, OneDigital Investment Advisors LLC raised its stake in shares of US Foods by 1.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 20,897 shares of the company’s stock valued at $1,285,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Buying and Selling

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. The trade was a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.70% of the company’s stock.

US Foods Price Performance

NYSE USFD opened at $70.17 on Wednesday. The company has a 50-day moving average price of $63.09 and a two-hundred day moving average price of $57.48. US Foods Holding Corp. has a 52 week low of $42.96 and a 52 week high of $70.52. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on USFD. Truist Financial boosted their price objective on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company boosted their price target 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 shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Piper Sandler raised their price target on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price 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.