Fmr LLC Trims Holdings in US Foods Holding Corp. (NYSE:USFD)

Fmr LLC trimmed its position in shares of US Foods Holding Corp. (NYSE:USFD) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 21,980,032 shares of the company’s stock after selling 1,128,026 shares during the quarter. Fmr LLC owned about 9.44% of US Foods worth $1,351,772,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of USFD. Acadian Asset Management LLC purchased a new stake in US Foods during the 2nd quarter valued at about $25,000. Quent Capital LLC grew its position in US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in US Foods during the 2nd quarter valued at about $30,000. Ashton Thomas Securities LLC purchased a new stake in US Foods during the 3rd quarter valued at about $31,000. Finally, Huntington National Bank grew its position in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after purchasing an additional 409 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group raised their price target on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Piper Sandler raised their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Barclays raised their price target on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, US Foods presently has a consensus rating of “Buy” and an average price target of $71.09.

US Foods Price Performance

NYSE USFD opened at $70.17 on Wednesday. US Foods Holding Corp. has a 12 month low of $42.96 and a 12 month high of $70.52. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.15 and a beta of 1.66. The company’s 50 day moving average is $63.09 and its two-hundred day moving average is $57.48. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Insiders Place Their Bets

In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

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.