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:USFDFree Report) 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.

Read Our Latest Stock Report on USFD

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

(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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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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