First Citizens Bank & Trust Co. Has $506,000 Stock Position in US Foods Holding Corp. (NYSE:USFD)

First Citizens Bank & Trust Co. grew its stake in US Foods Holding Corp. (NYSE:USFD) by 76.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,494 shares of the company’s stock after buying an additional 3,252 shares during the period. First Citizens Bank & Trust Co.’s holdings in US Foods were worth $506,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quent Capital LLC raised 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 period. Ashton Thomas Securities LLC acquired a new stake in shares of US Foods in the 3rd quarter valued at about $31,000. Huntington National Bank raised its stake in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after purchasing an additional 409 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of US Foods in the 3rd quarter valued at about $34,000. Finally, First Horizon Advisors Inc. raised its stake in shares of US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

USFD has been the subject of several analyst reports. Melius initiated coverage on US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective for the company. UBS Group raised their price objective on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a 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 report on Monday, November 11th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Morgan Stanley raised their price objective on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, US Foods has a consensus rating of “Buy” and a consensus target price of $68.92.

US Foods Stock Up 1.7 %

NYSE USFD opened at $70.71 on Tuesday. 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 1-year low of $45.15 and a 1-year high of $72.84. The company has a 50 day moving average of $68.68 and a 200-day moving average of $62.38. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 0.93 and a beta of 1.67.

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.