PDT Partners LLC cut its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 37.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,563 shares of the company's stock after selling 16,014 shares during the period. PDT Partners LLC's holdings in US Foods were worth $1,634,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Quent Capital LLC lifted its position in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after buying an additional 219 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of US Foods during the 2nd quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in US Foods in the third quarter valued at approximately $31,000. Huntington National Bank lifted its stake in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company's stock worth $33,000 after purchasing an additional 409 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of US Foods in the third quarter valued at approximately $34,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
US Foods Price Performance
US Foods stock traded down $0.23 during mid-day trading on Monday, hitting $69.54. 1,901,557 shares of the company were exchanged, compared to its average volume of 1,802,831. 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 12-month low of $43.24 and a 12-month high of $70.80. The business's 50 day simple moving average is $63.93 and its two-hundred day simple moving average is $58.01. The company has a market capitalization of $16.20 billion, a P/E ratio of 29.85, a PEG ratio of 1.15 and a beta of 1.66.
Analyst Ratings Changes
Several equities analysts have recently issued reports on USFD shares. JPMorgan Chase & Co. lifted their price objective on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Jefferies Financial Group lifted their target price on US Foods from $66.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Barclays increased their target price on US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company upped their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, US Foods currently has an average rating of "Buy" and an average price target of $71.09.
Check Out Our Latest Stock Analysis on US Foods
Insider Buying and Selling at US Foods
In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated Thursday, September 12th. The stock was 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. The trade was a 10.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by insiders.
US Foods Profile
(
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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