Congress Asset Management Co. Takes $121.20 Million Position in US Foods Holding Corp. (NYSE:USFD)

Congress Asset Management Co. acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,970,659 shares of the company's stock, valued at approximately $121,196,000. Congress Asset Management Co. owned about 0.81% of US Foods as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. First Trust Direct Indexing L.P. boosted its stake in shares of US Foods by 31.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,386 shares of the company's stock valued at $393,000 after purchasing an additional 1,528 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in US Foods by 14.3% during the third quarter. Nisa Investment Advisors LLC now owns 44,425 shares of the company's stock worth $2,732,000 after acquiring an additional 5,570 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in US Foods by 6.0% during the third quarter. State of Alaska Department of Revenue now owns 68,410 shares of the company's stock worth $4,207,000 after acquiring an additional 3,870 shares in the last quarter. Covenant Partners LLC bought a new position in US Foods during the third quarter worth $231,000. Finally, Louisiana State Employees Retirement System boosted its stake in US Foods by 5.9% during the third quarter. Louisiana State Employees Retirement System now owns 67,800 shares of the company's stock worth $4,170,000 after acquiring an additional 3,800 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

US Foods Stock Down 0.1 %

Shares of USFD stock traded down $0.06 on Thursday, hitting $61.65. The stock had a trading volume of 1,097,755 shares, compared to its average volume of 1,788,743. The business has a 50 day moving average of $60.51 and a 200 day moving average of $55.59. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. 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 12-month low of $37.51 and a 12-month high of $63.13.

US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The firm's revenue for the quarter 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 year.

Analyst Ratings Changes

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

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the 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 completion of the transaction, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

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.