New Millennium Group LLC Makes New Investment in US Foods Holding Corp. (NYSE:USFD)

New Millennium Group LLC bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 23,117 shares of the company’s stock, valued at approximately $1,559,000. US Foods comprises about 0.9% of New Millennium Group LLC’s holdings, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of USFD. Wellington Management Group LLP grew its stake in shares of US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after buying an additional 2,435,357 shares in the last quarter. State Street Corp increased its stake in US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after acquiring an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of US Foods by 4.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after purchasing an additional 291,016 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of US Foods by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after purchasing an additional 241,900 shares during the period. Finally, Congress Asset Management Co. purchased a new position in shares of US Foods in the 3rd quarter worth approximately $121,196,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Trading Down 1.0 %

US Foods stock opened at $71.02 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The stock’s 50 day simple moving average is $68.97 and its two-hundred day simple moving average is $62.77. US Foods Holding Corp. has a 12 month low of $45.24 and a 12 month high of $72.84. The firm has a market cap of $16.54 billion, a PE ratio of 30.48, a P/E/G ratio of 0.96 and a beta of 1.67.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays increased their price objective on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Melius initiated coverage on shares of US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price on the stock. Morgan Stanley boosted their price target on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $68.92.

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.