M&T Bank Corp Buys 7,877 Shares of US Foods Holding Corp. (NYSE:USFD)

M&T Bank Corp boosted its stake in US Foods Holding Corp. (NYSE:USFD) by 70.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,074 shares of the company’s stock after purchasing an additional 7,877 shares during the quarter. M&T Bank Corp’s holdings in US Foods were worth $1,173,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after acquiring an additional 316,061 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in US Foods by 121.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock valued at $3,164,000 after purchasing an additional 28,232 shares in the last quarter. Jag Capital Management LLC raised its holdings in US Foods by 3,175.1% in the third quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock worth $10,407,000 after purchasing an additional 164,060 shares during the period. Venturi Wealth Management LLC boosted its position in shares of 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 purchasing an additional 275 shares in the last quarter. Finally, Distillate Capital Partners LLC acquired a new position in shares of US Foods in the 2nd quarter valued at $13,951,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company raised their price objective on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Barclays lifted their price objective on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Piper Sandler increased their target price on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Truist Financial raised their target price on shares of US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, UBS Group increased their price objective on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $71.09.

US Foods Stock Performance

Shares of USFD opened at $69.50 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a 12 month low of $43.24 and a 12 month high of $72.84. The firm has a fifty day simple moving average of $65.54 and a 200 day simple moving average of $59.06. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.15 and a beta of 1.68.

US Foods Company 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.