US Foods Holding Corp. (NYSE:USFD) Stake Lowered by Tensile Capital Management LP

Tensile Capital Management LP lessened its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 931,314 shares of the company's stock after selling 25,000 shares during the period. US Foods accounts for about 6.2% of Tensile Capital Management LP's investment portfolio, making the stock its 8th biggest holding. Tensile Capital Management LP owned approximately 0.40% of US Foods worth $57,276,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Sector Pension Investment Board increased its holdings in US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company's stock worth $369,000 after acquiring an additional 2,500,000 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of US Foods by 46.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company's stock valued at $347,069,000 after purchasing an additional 2,064,321 shares during the period. Congress Asset Management Co. purchased a new position in shares of US Foods during the 3rd quarter valued at $121,196,000. Interval Partners LP boosted its holdings in US Foods by 371.2% in the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company's stock worth $98,905,000 after buying an additional 1,470,630 shares during the period. Finally, Ensign Peak Advisors Inc increased its stake in US Foods by 175.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company's stock worth $57,764,000 after buying an additional 694,999 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

US Foods Trading Down 0.3 %

NYSE USFD traded down $0.19 during trading hours on Friday, hitting $72.14. 396,357 shares of the company were exchanged, compared to its average volume of 1,807,525. The stock has a market cap of $16.80 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.68. US Foods Holding Corp. has a 52 week low of $43.24 and a 52 week high of $72.84. The stock has a 50-day moving average price of $64.49 and a 200 day moving average price of $58.31. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

Insider Activity at US Foods

In other 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 completion of the sale, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Jefferies Financial Group increased their price objective on shares of US Foods from $66.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Wells Fargo & Company boosted their target price 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. Piper Sandler raised their target price on shares of US Foods from $61.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Finally, UBS Group lifted their price target on shares of US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $71.09.

US Foods 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.