Vestcor Inc Sells 48,795 Shares of US Foods Holding Corp. (NYSE:USFD)

Vestcor Inc decreased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 70.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,005 shares of the company's stock after selling 48,795 shares during the quarter. Vestcor Inc's holdings in US Foods were worth $1,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in USFD. Wellington Management Group LLP increased its stake in shares of US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company's stock worth $744,548,000 after purchasing an additional 2,435,357 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of US Foods by 5.1% during the 2nd quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company's stock valued at $550,111,000 after buying an additional 500,129 shares during the last quarter. State Street Corp increased its holdings in US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after acquiring an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in US Foods by 4.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company's stock valued at $420,781,000 after acquiring an additional 291,016 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of US Foods by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company's stock valued at $239,940,000 after buying an additional 567,601 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

US Foods Stock Down 1.3 %

USFD traded down $0.91 on Thursday, hitting $68.96. The company had a trading volume of 1,877,020 shares, compared to its average volume of 1,814,939. The stock has a fifty day simple moving average of $65.38 and a 200-day simple moving average of $58.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The firm has a market capitalization of $16.06 billion, a P/E ratio of 29.60, a P/E/G ratio of 1.19 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.

Wall Street Analysts Forecast Growth

Several brokerages have commented on USFD. Jefferies Financial Group raised their target price on US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. UBS Group increased their target price 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. Truist Financial lifted their price objective on US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their target price on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $71.09.

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.