US Foods Holding Corp. (NYSE:USFD) Shares Purchased by Verition Fund Management LLC

Verition Fund Management LLC grew its position in shares of US Foods Holding Corp. (NYSE:USFD) by 14.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 885,606 shares of the company’s stock after acquiring an additional 112,701 shares during the quarter. US Foods comprises 0.3% of Verition Fund Management LLC’s portfolio, making the stock its 25th biggest position. Verition Fund Management LLC owned about 0.38% of US Foods worth $54,465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in shares of US Foods during the 3rd quarter valued at $10,718,000. Public Sector Pension Investment Board raised its position in US Foods by 100.2% in the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after purchasing an additional 2,500,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of US Foods by 1.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,815 shares of the company’s stock worth $3,125,000 after purchasing an additional 549 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of US Foods by 5.8% in the third quarter. MetLife Investment Management LLC now owns 126,127 shares of the company’s stock worth $7,757,000 after buying an additional 6,964 shares during the period. Finally, Townsquare Capital LLC acquired a new stake in shares of US Foods in the third quarter valued at about $2,632,000. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Price Performance

Shares of USFD opened at $69.85 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The firm has a market cap of $16.27 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.15 and a beta of 1.66. US Foods Holding Corp. has a 52 week low of $42.96 and a 52 week high of $70.80. The stock has a 50 day moving average of $63.60 and a 200-day moving average of $57.75.

Wall Street Analyst Weigh In

A number of research firms have weighed in on USFD. Piper Sandler upped their price target on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Barclays upped their target price on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Wells Fargo & Company raised their price target on shares of 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 boosted their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Truist Financial raised their target price on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 8th. 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $71.09.

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 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 owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The trade was a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

About US Foods

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.