FMR LLC lowered its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,980,032 shares of the company's stock after selling 1,128,026 shares during the period. FMR LLC owned approximately 9.44% of US Foods worth $1,351,772,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of USFD. Massachusetts Financial Services Co. MA grew its holdings in shares of US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company's stock valued at $347,069,000 after buying an additional 2,064,321 shares during the last quarter. Congress Asset Management Co. purchased a new position in shares of US Foods in the third quarter worth about $121,196,000. Interval Partners LP boosted its holdings in shares of US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company's stock worth $98,905,000 after purchasing an additional 1,470,630 shares during the last quarter. Ensign Peak Advisors Inc lifted its holdings in US Foods by 175.8% in the second quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company's stock valued at $57,764,000 after acquiring an additional 694,999 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 567,601 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.
Analyst Ratings Changes
USFD has been the subject of several recent research reports. Truist Financial raised their price target on shares of US Foods from $66.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Wells Fargo & Company increased their price objective on shares of US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, September 18th. UBS Group increased their target price on US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, November 8th. Jefferies Financial Group upped their price objective on US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Finally, Barclays upped their price target on US Foods from $71.00 to $78.00 and gave the company 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, US Foods currently has an average rating of "Buy" and a consensus price target of $71.09.
Read Our Latest Research Report on USFD
Insider Transactions at US Foods
In related news, CFO Dirk J. Locascio sold 10,000 shares of the business's stock in a transaction on 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 owns 88,563 shares of the company's stock, valued at approximately $5,132,225.85. The trade was a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by insiders.
US Foods Price Performance
Shares of USFD traded down $0.24 during midday trading on Wednesday, reaching $69.93. The stock had a trading volume of 141,151 shares, compared to its average volume of 1,801,618. The firm's 50 day moving average price is $63.27 and its 200-day moving average price is $57.58. The company has a market capitalization of $16.29 billion, a P/E ratio of 30.12, a P/E/G ratio of 1.15 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. US Foods Holding Corp. has a 52 week low of $42.96 and a 52 week high of $70.80.
US Foods Company Profile
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Free Report)
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.
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