UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 17,115 Shares of US Foods Holding Corp. (NYSE:USFD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in US Foods Holding Corp. (NYSE:USFD) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 717,830 shares of the company’s stock after selling 17,115 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in US Foods were worth $44,147,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in US Foods by 5.1% during the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock worth $550,111,000 after buying an additional 500,129 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of US Foods by 4.4% in 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 acquiring an additional 291,016 shares during the period. Dimensional Fund Advisors LP raised its position in shares of US Foods by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock valued at $239,940,000 after acquiring an additional 567,601 shares during the period. Congress Asset Management Co. bought a new position in US Foods during the 3rd quarter worth approximately $121,196,000. Finally, Interval Partners LP grew its holdings in US Foods by 371.2% during 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on USFD shares. Jefferies Financial Group lifted their price target on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Truist Financial lifted their target price on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft increased their price target on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Barclays lifted their price objective on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their target price on US Foods from $68.00 to $69.00 and gave the stock a “neutral” 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 assigned a strong buy rating to the stock. According to MarketBeat.com, US Foods has an average rating of “Buy” and a consensus target price of $71.09.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the business’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 transaction, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The trade was a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

US Foods Stock Performance

Shares of USFD opened at $70.62 on Wednesday. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.15 and a beta of 1.68. US Foods Holding Corp. has a 12 month low of $43.24 and a 12 month high of $70.96. The firm has a fifty day simple moving average of $64.10 and a 200 day simple moving average of $58.11. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

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.