US Foods Holding Corp. (NYSE:USFD) Stock Holdings Decreased by Makena Capital Management LLC

Makena Capital Management LLC lowered its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 45.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,751 shares of the company's stock after selling 114,786 shares during the period. Makena Capital Management LLC owned about 0.06% of US Foods worth $8,349,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in US Foods during the 2nd quarter worth about $25,000. 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 worth $29,000 after buying an additional 219 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of US Foods in the second quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new position in shares of US Foods during the third quarter valued at approximately $31,000. Finally, Huntington National Bank boosted its position in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company's stock worth $33,000 after acquiring an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Transactions at US Foods

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 stock was 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 owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company's stock.

US Foods Stock Up 2.0 %

Shares of USFD traded up $1.35 during mid-day trading on Thursday, reaching $67.92. 2,108,529 shares of the stock traded hands, compared to its average volume of 1,806,696. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 1.10 and a beta of 1.66. The stock has a fifty day simple moving average of $62.54 and a 200 day simple moving average of $57.11. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a 12-month low of $42.56 and a 12-month high of $68.08.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Truist Financial increased their target price on US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group raised their price objective on US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. One investment 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 MarketBeat, the company presently has an average rating of "Buy" and a consensus 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.