Cinctive Capital Management LP trimmed its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 75.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,260 shares of the company's stock after selling 34,608 shares during the quarter. Cinctive Capital Management LP's holdings in US Foods were worth $692,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of US Foods by 0.3% during the third quarter. Bank of Montreal Can now owns 66,848 shares of the company's stock valued at $4,022,000 after buying an additional 171 shares in the last quarter. Davis Investment Partners LLC grew its holdings in shares of US Foods by 0.7% during the third quarter. Davis Investment Partners LLC now owns 28,864 shares of the company's stock valued at $1,775,000 after buying an additional 193 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of US Foods by 54.2% during the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock valued at $35,000 after buying an additional 202 shares in the last quarter. Quent Capital LLC grew its holdings in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after buying an additional 219 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of US Foods by 3.3% during the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company's stock valued at $436,000 after buying an additional 226 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
US Foods Trading Up 2.0 %
US Foods stock traded up $1.38 during mid-day trading on Wednesday, hitting $71.99. 2,443,221 shares of the company's stock were exchanged, compared to its average volume of 1,812,355. The firm has a market capitalization of $16.77 billion, a P/E ratio of 30.90, a PEG ratio of 1.15 and a beta of 1.68. US Foods Holding Corp. has a fifty-two week low of $43.24 and a fifty-two week high of $72.04. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The company's 50 day simple moving average is $64.30 and its 200-day simple moving average is $58.21.
Analyst Ratings Changes
A number of brokerages have commented on USFD. UBS Group boosted their target price on US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Barclays boosted their price target on US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft boosted their price target on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Finally, StockNews.com raised 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 given a strong buy rating to the company. According to MarketBeat.com, US Foods has a consensus rating of "Buy" and a consensus price target of $71.09.
Read Our Latest Stock Analysis on US Foods
Insider Activity
In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the firm's 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 sale, 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 SEC, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.
US Foods Profile
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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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