Assenagon Asset Management S.A. Sells 19,284 Shares of US Foods Holding Corp. (NYSE:USFD)

Assenagon Asset Management S.A. decreased its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,179 shares of the company's stock after selling 19,284 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of US Foods worth $12,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its position in shares of US Foods by 2,853.8% during the third quarter. International Assets Investment Management LLC now owns 16,482 shares of the company's stock worth $1,014,000 after purchasing an additional 15,924 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in US Foods during the 3rd quarter worth $3,063,000. Community Trust & Investment Co. lifted its holdings in US Foods by 84.1% during the third quarter. Community Trust & Investment Co. now owns 228,920 shares of the company's stock worth $14,079,000 after acquiring an additional 104,596 shares in the last quarter. Private Advisor Group LLC grew its stake in US Foods by 8.3% in the third quarter. Private Advisor Group LLC now owns 13,723 shares of the company's stock valued at $844,000 after acquiring an additional 1,053 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of US Foods in the third quarter worth about $207,000. Institutional investors own 98.76% of the company's stock.

Insider Buying and Selling

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on USFD shares. JPMorgan Chase & Co. lifted their price objective on US Foods from $60.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, September 16th. Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, September 18th. StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $66.82.

US Foods Stock Up 0.4 %

NYSE:USFD traded up $0.26 on Monday, hitting $61.00. 1,634,946 shares of the company's stock were exchanged, compared to its average volume of 1,794,280. The company has a market cap of $15.00 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. The firm has a 50-day moving average price of $60.29 and a 200-day moving average price of $55.40. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. US Foods Holding Corp. has a 52 week low of $37.12 and a 52 week high of $63.13.

US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. US Foods's revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. As a group, analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

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.