Savoir Faire Capital Management L.P. Buys 12,780 Shares of US Foods Holding Corp. (NYSE:USFD)

Savoir Faire Capital Management L.P. grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 58.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,780 shares of the company’s stock after acquiring an additional 12,780 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in US Foods were worth $2,139,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Quest Partners LLC raised its holdings in shares of US Foods by 537.2% during the 3rd quarter. Quest Partners LLC now owns 30,201 shares of the company’s stock valued at $1,857,000 after buying an additional 25,461 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in US Foods by 2.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 99,066 shares of the company’s stock worth $6,092,000 after purchasing an additional 2,800 shares during the period. Mutual of America Capital Management LLC increased its stake in US Foods by 2.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 132,170 shares of the company’s stock worth $8,128,000 after purchasing an additional 2,661 shares during the period. Natixis Advisors LLC increased its stake in US Foods by 96.2% in the 3rd quarter. Natixis Advisors LLC now owns 149,268 shares of the company’s stock worth $9,180,000 after purchasing an additional 73,178 shares during the period. Finally, CIBC Asset Management Inc increased its stake in US Foods by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock worth $436,000 after purchasing an additional 226 shares during the period. Institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

USFD has been the topic of several research analyst reports. Jefferies Financial Group boosted their target price on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. 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. JPMorgan Chase & Co. boosted their target price on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barclays boosted their target price on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company boosted their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. One 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 data from MarketBeat.com, US Foods presently has an average rating of “Buy” and an average target price of $71.09.

Insider Activity at US Foods

In other US Foods 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 completion of the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at $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 available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

US Foods Stock Up 1.1 %

NYSE USFD opened at $65.37 on Tuesday. The stock’s 50-day moving average price is $62.02 and its 200-day moving average price is $56.83. The company has a market capitalization of $15.23 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 1.07 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 52 week low of $42.19 and a 52 week high of $68.00.

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.