First Hawaiian Bank Grows Position in US Foods Holding Corp. (NYSE:USFD)

First Hawaiian Bank increased its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,316 shares of the company’s stock after buying an additional 16,926 shares during the quarter. First Hawaiian Bank’s holdings in US Foods were worth $4,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of US Foods by 0.3% during the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after buying an additional 171 shares in the last quarter. Davis Investment Partners LLC increased its holdings in shares of US Foods by 0.7% in the 3rd quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock valued at $1,775,000 after acquiring an additional 193 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after buying an additional 202 shares during the last quarter. Quent Capital LLC increased 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 purchasing an additional 219 shares during the period. Finally, CIBC Asset Management Inc raised its position in US Foods by 3.3% during the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock worth $436,000 after buying an additional 226 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Stock Up 1.4 %

Shares of NYSE:USFD traded up $0.91 during midday trading on Wednesday, hitting $68.13. 1,480,048 shares of the company’s stock traded hands, compared to its average volume of 1,401,638. US Foods Holding Corp. has a twelve month low of $44.81 and a twelve month high of $72.84. The firm’s fifty day moving average price is $67.67 and its two-hundred day moving average price is $60.83. 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 company has a market cap of $15.87 billion, a PE ratio of 29.24, a P/E/G ratio of 1.15 and a beta of 1.67.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. UBS Group lifted their price target on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Piper Sandler raised 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. Jefferies Financial Group boosted their target price on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company raised their price target on 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, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $67.08.

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.