Savoir Faire Capital Management L.P. lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 58.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,780 shares of the company's stock after purchasing an additional 12,780 shares during the period. Savoir Faire Capital Management L.P.'s holdings in US Foods were worth $2,139,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Davis Investment Partners LLC increased its position in US Foods by 0.7% in the third quarter. Davis Investment Partners LLC now owns 28,864 shares of the company's stock worth $1,775,000 after buying an additional 193 shares during the last quarter. Quent Capital LLC increased its holdings in US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company's stock worth $29,000 after acquiring an additional 219 shares during the last quarter. CIBC Asset Management Inc raised its stake in US Foods by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company's stock valued at $436,000 after acquiring an additional 226 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in 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 during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of US Foods by 72.0% in the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company's stock worth $40,000 after purchasing an additional 275 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
US Foods Price Performance
US Foods stock traded up $1.15 during mid-day trading on Tuesday, hitting $66.52. 1,811,836 shares of the company traded hands, compared to its average volume of 1,804,587. The stock has a fifty day moving average price of $62.37 and a 200-day moving average price of $57.04. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 1.07 and a beta of 1.66. US Foods Holding Corp. has a one year low of $42.19 and a one year high of $68.00. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19.
Insider Transactions at US Foods
In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the 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 transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. UBS Group raised their price objective on shares of US Foods from $67.00 to $77.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lifted their price target on US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Truist Financial increased 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. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company increased their price target 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. 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 MarketBeat, the company currently has an average rating of "Buy" and an average target price of $71.09.
View Our Latest Stock Analysis on US Foods
About US Foods
(
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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