Atom Investors LP grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 275.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,784 shares of the company's stock after purchasing an additional 76,164 shares during the period. Atom Investors LP's holdings in US Foods were worth $6,383,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of US Foods by 5.1% during the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company's stock valued at $550,111,000 after acquiring an additional 500,129 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in US Foods by 4.4% during 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 purchasing an additional 291,016 shares during the period. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 567,601 shares during the period. Congress Asset Management Co. bought a new position in US Foods in the 3rd quarter worth about $121,196,000. Finally, Interval Partners LP increased its stake in shares of US Foods by 371.2% in the second quarter. Interval Partners LP now owns 1,866,842 shares of the company's stock valued at $98,905,000 after purchasing an additional 1,470,630 shares during the period. 98.76% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
USFD has been the subject of several analyst reports. Truist Financial boosted their price objective on US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. raised their price target on US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Barclays upped their price objective on shares of US Foods from $71.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their target price on shares of US Foods from $66.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $71.09.
Read Our Latest Research Report on US Foods
Insider Activity at US Foods
In other news, CFO Dirk J. Locascio sold 10,000 shares of the company'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 value of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company's stock.
US Foods Stock Performance
NYSE USFD traded down $0.22 during midday trading on Monday, hitting $69.55. The company had a trading volume of 1,887,551 shares, compared to its average volume of 1,802,771. The firm has a fifty day simple moving average of $63.77 and a two-hundred day simple moving average of $57.90. The stock has a market cap of $16.20 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 1.15 and a beta of 1.66. 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 fifty-two week low of $43.24 and a fifty-two week high of $70.80.
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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