Massachusetts Financial Services Co. MA Has $420.78 Million Position in US Foods Holding Corp. (NYSE:USFD)

Massachusetts Financial Services Co. MA grew its holdings in US Foods Holding Corp. (NYSE:USFD) by 4.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,841,961 shares of the company’s stock after acquiring an additional 291,016 shares during the period. Massachusetts Financial Services Co. MA’s holdings in US Foods were worth $420,781,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USFD. Quent Capital LLC grew its position in 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 acquiring an additional 219 shares during the period. Acadian Asset Management LLC bought a new stake in shares of US Foods in the 2nd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in US Foods during the 3rd quarter valued at about $31,000. Huntington National Bank boosted its position in US Foods by 332.5% in the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in US Foods during the third quarter worth about $34,000. 98.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on USFD. Truist Financial increased their price target on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company lifted 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 upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group boosted their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, 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 report on Monday, November 11th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $71.09.

US Foods Stock Up 2.2 %

Shares of US Foods stock opened at $68.02 on Friday. US Foods Holding Corp. has a 12 month low of $42.56 and a 12 month high of $68.08. The business has a fifty day simple moving average of $62.54 and a 200 day simple moving average of $57.11. 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 $15.84 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 1.10 and a beta of 1.66.

Insider Activity

In other news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by company insiders.

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.