Bridgewater Associates LP Lowers Stock Position in US Foods Holding Corp. (NYSE:USFD)

Bridgewater Associates LP lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 57.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,674 shares of the company's stock after selling 59,157 shares during the quarter. Bridgewater Associates LP's holdings in US Foods were worth $2,686,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new stake in shares of US Foods during the 2nd quarter worth $25,000. Quent Capital LLC grew its holdings in US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after buying an additional 219 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in US Foods in the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new position in US Foods in the 3rd quarter worth about $31,000. Finally, Huntington National Bank lifted its position in US Foods by 332.5% during the third 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 last quarter. Institutional investors own 98.76% of the company's stock.

US Foods Price Performance

US Foods stock traded down $0.08 during mid-day trading on Friday, reaching $69.77. 865,304 shares of the company's stock traded hands, compared to its average volume of 1,903,295. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a 12-month low of $42.96 and a 12-month high of $70.80. The stock has a 50 day moving average of $63.77 and a two-hundred day moving average of $57.88. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.15 and a beta of 1.66.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft raised their target price on US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, August 9th. StockNews.com raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Piper Sandler raised their price target on US Foods from $61.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, November 11th. Finally, Barclays lifted their target price on US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $71.09.

Insider Activity

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now owns 88,563 shares of the company's stock, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.

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.