Verition Fund Management LLC Has $54.47 Million Position in US Foods Holding Corp. (NYSE:USFD)

Verition Fund Management LLC lifted its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 14.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 885,606 shares of the company's stock after purchasing an additional 112,701 shares during the period. US Foods comprises 0.3% of Verition Fund Management LLC's holdings, making the stock its 25th biggest holding. Verition Fund Management LLC owned about 0.38% of US Foods worth $54,465,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in shares of US Foods in the 2nd quarter valued at $25,000. Quent Capital LLC increased its position in shares of US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company's stock worth $29,000 after acquiring an additional 219 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of US Foods in the second quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of US Foods during the third quarter valued at approximately $31,000. Finally, Huntington National Bank lifted its position in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company's stock valued at $33,000 after acquiring an additional 409 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 transaction of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by insiders.

US Foods Stock Down 0.1 %

Shares of NYSE USFD traded down $0.08 during mid-day trading on Friday, reaching $69.77. 865,304 shares of the company traded hands, compared to its average volume of 1,802,404. The company's fifty day moving average is $63.77 and its two-hundred day moving average is $57.88. US Foods Holding Corp. has a fifty-two week low of $42.96 and a fifty-two week high of $70.80. 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 stock has a market cap of $16.25 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66.

Wall Street Analysts Forecast Growth

USFD has been the topic of several recent analyst reports. Piper Sandler boosted 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. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Wells Fargo & Company raised their price objective on US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 18th. Barclays upped their target price on US Foods from $71.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. One 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average 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.