Raymond James Trust N.A. Has $892,000 Holdings in US Foods Holding Corp. (NYSE:USFD)

Raymond James Trust N.A. cut its position in US Foods Holding Corp. (NYSE:USFD) by 44.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,499 shares of the company’s stock after selling 11,640 shares during the quarter. Raymond James Trust N.A.’s holdings in US Foods were worth $892,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC grew its position in US Foods by 46.3% in the 1st quarter. Janus Henderson Group PLC now owns 162,338 shares of the company’s stock worth $8,759,000 after purchasing an additional 51,402 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in US Foods by 6.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 162,128 shares of the company’s stock worth $8,751,000 after purchasing an additional 9,652 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in US Foods in the 1st quarter worth $1,143,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of US Foods by 121.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after acquiring an additional 28,232 shares during the period. Finally, Jag Capital Management LLC lifted its holdings in shares of US Foods by 3,175.1% during the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock worth $10,407,000 after acquiring an additional 164,060 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. 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 lifted their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Barclays lifted their price target 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. Jefferies Financial Group lifted their price target on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Truist Financial raised their price objective on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $71.09.

US Foods Stock Up 2.2 %

Shares of NYSE:USFD opened at $69.43 on Monday. US Foods Holding Corp. has a one year low of $42.80 and a one year high of $69.69. The company has a 50 day moving average of $62.91 and a 200-day moving average of $57.33. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 1.15 and a beta of 1.66.

Insider Transactions at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction that occurred 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 in the company, valued at $5,132,225.85. The trade was a 10.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by corporate 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.