KBC Group NV Increases Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

KBC Group NV grew its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 16.0% during the third quarter, Holdings Channel reports. The firm owned 6,176 shares of the company’s stock after purchasing an additional 852 shares during the period. KBC Group NV’s holdings in US Foods were worth $380,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Davis Investment Partners LLC raised its stake in US Foods by 0.7% during the 3rd quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock worth $1,775,000 after acquiring an additional 193 shares in the last quarter. Quent Capital LLC grew its stake in US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after buying an additional 219 shares during the last quarter. Venturi Wealth Management LLC increased its position in US Foods by 72.0% during the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock worth $40,000 after buying an additional 275 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in US Foods by 2.8% in the first quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock valued at $574,000 after buying an additional 286 shares during the last quarter. Finally, OLD National Bancorp IN boosted its holdings in shares of US Foods by 5.0% in the second quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock valued at $333,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors 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 sale, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The trade was a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

US Foods Stock Performance

NYSE:USFD opened at $66.52 on Wednesday. The firm’s fifty day simple moving average is $62.37 and its 200-day simple moving average is $57.04. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The stock has a market cap of $15.50 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.66. US Foods Holding Corp. has a fifty-two week low of $42.19 and a fifty-two week high of $68.00.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on USFD. Barclays lifted their target price on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Truist Financial lifted their price objective 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. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. 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 research report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. increased their price objective on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One equities 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target 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.