Assenagon Asset Management S.A. Grows Stock Position in US Foods Holding Corp. (NYSE:USFD)

Assenagon Asset Management S.A. boosted its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 94.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 407,611 shares of the company's stock after acquiring an additional 198,432 shares during the period. Assenagon Asset Management S.A. owned about 0.17% of US Foods worth $27,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in USFD. Acadian Asset Management LLC purchased a new position in US Foods during the 2nd quarter worth approximately $25,000. Choreo LLC acquired a new position in shares of US Foods in the 2nd quarter valued at $204,000. DekaBank Deutsche Girozentrale boosted its stake in US Foods by 122.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,389 shares of the company's stock worth $180,000 after purchasing an additional 1,867 shares during the period. Dimensional Fund Advisors LP increased its stake in US Foods by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company's stock valued at $239,940,000 after purchasing an additional 567,601 shares during the period. Finally, Primecap Management Co. CA acquired a new position in US Foods in the 2nd quarter valued at about $6,204,000. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Price Performance

Shares of USFD stock traded up $0.33 during trading hours on Friday, hitting $68.41. The company's stock had a trading volume of 1,067,165 shares, compared to its average volume of 1,493,088. 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 business has a fifty day moving average of $68.28 and a 200-day moving average of $61.40. US Foods Holding Corp. has a twelve month low of $44.81 and a twelve month high of $72.84. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 0.91 and a beta of 1.67.

Analyst Upgrades and Downgrades

USFD has been the subject of a number of recent research reports. Melius assumed coverage on US Foods in a research report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price objective for the company. JPMorgan Chase & Co. lifted 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. Truist Financial lifted their target price on shares of US Foods from $74.00 to $78.00 and gave the company a "buy" rating in a report on Thursday. Jefferies Financial Group upped their price objective on US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, UBS Group boosted their target price 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 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 data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $67.42.

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.