Sasco Capital Inc. CT lessened its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 15.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 364,690 shares of the company's stock after selling 64,120 shares during the period. US Foods accounts for about 3.4% of Sasco Capital Inc. CT's portfolio, making the stock its 10th largest position. Sasco Capital Inc. CT owned 0.15% of US Foods worth $22,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USFD. Davis Investment Partners LLC raised its holdings in shares of US Foods by 0.7% in the third quarter. Davis Investment Partners LLC now owns 28,864 shares of the company's stock valued at $1,775,000 after acquiring an additional 193 shares in the last quarter. Quent Capital LLC raised its holdings in shares of US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after purchasing an additional 219 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of US Foods by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company's stock worth $436,000 after purchasing an additional 226 shares during the period. OneDigital Investment Advisors LLC boosted its stake in shares of US Foods by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 20,897 shares of the company's stock valued at $1,285,000 after purchasing an additional 267 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in US Foods by 72.0% during the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company's stock valued at $40,000 after buying an additional 275 shares during the period. Institutional investors own 98.76% of the company's stock.
Analysts Set New Price Targets
USFD has been the subject of a number of analyst reports. Jefferies Financial Group upped their target price on US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Piper Sandler upped their price objective on US Foods from $61.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. One 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 stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $71.09.
Check Out Our Latest Stock Analysis on USFD
Insider Transactions at US Foods
In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at $5,132,225.85. The trade was a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.70% of the company's stock.
US Foods Stock Performance
USFD stock traded up $1.15 during midday trading on Tuesday, reaching $66.52. The stock had a trading volume of 1,811,836 shares, compared to its average volume of 1,804,587. 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 firm has a fifty day simple moving average of $62.37 and a two-hundred day simple moving average of $57.04. The stock has a market cap of $15.50 billion, a PE ratio of 28.55, a P/E/G ratio of 1.07 and a beta of 1.66. US Foods Holding Corp. has a 52-week low of $42.19 and a 52-week high of $68.00.
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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