Cerity Partners LLC Increases Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Cerity Partners LLC boosted its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 79.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,735 shares of the company's stock after acquiring an additional 14,920 shares during the period. Cerity Partners LLC's holdings in US Foods were worth $2,075,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of USFD. Victory Capital Management Inc. boosted its holdings in US Foods by 5.1% in the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company's stock valued at $550,111,000 after purchasing an additional 500,129 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings 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 buying an additional 291,016 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of US Foods by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company's stock valued at $239,940,000 after buying an additional 567,601 shares during the last quarter. Congress Asset Management Co. acquired a new stake in US Foods during the 3rd quarter worth $121,196,000. Finally, Interval Partners LP lifted its position in US Foods by 371.2% in the second quarter. Interval Partners LP now owns 1,866,842 shares of the company's stock valued at $98,905,000 after acquiring an additional 1,470,630 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on USFD. Wells Fargo & Company boosted their target price on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, September 18th. Barclays raised their target price on shares of US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. Finally, Piper Sandler upped their target price on shares of US Foods from $61.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $71.09.

US Foods Stock Performance

NYSE:USFD traded down $0.23 during mid-day trading on Monday, reaching $69.54. The stock had a trading volume of 1,901,557 shares, compared to its average volume of 1,802,831. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The business has a 50 day simple moving average of $63.93 and a 200 day simple moving average of $58.01. US Foods Holding Corp. has a twelve month low of $43.24 and a twelve month high of $70.80. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.15 and a beta of 1.66.

Insider Activity at US Foods

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the company's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

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.