Atria Investments Inc boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 22.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,263 shares of the company’s stock after buying an additional 4,237 shares during the quarter. Atria Investments Inc’s holdings in US Foods were worth $1,431,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of USFD. Massachusetts Financial Services Co. MA increased its position in US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after buying an additional 2,064,321 shares during the last quarter. Congress Asset Management Co. bought a new stake in shares of US Foods during the third quarter worth approximately $121,196,000. Interval Partners LP boosted its holdings in shares of US Foods by 371.2% during the second quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock worth $98,905,000 after acquiring an additional 1,470,630 shares during the period. Vanguard Group Inc. boosted its holdings in shares of US Foods by 3.6% during the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after acquiring an additional 796,434 shares during the period. Finally, Ensign Peak Advisors Inc boosted its holdings in shares of US Foods by 175.8% during the second quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock worth $57,764,000 after acquiring an additional 694,999 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently issued reports on USFD. Jefferies Financial Group boosted their price objective on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their price objective on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. boosted their price objective on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, UBS Group boosted their price objective on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $71.09.
US Foods Stock Down 2.0 %
Shares of USFD opened at $64.66 on Friday. US Foods Holding Corp. has a one year low of $42.19 and a one year high of $68.00. The company has a market cap of $15.06 billion, a P/E ratio of 27.75, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $62.02 and a two-hundred day simple moving average of $56.74.
Insider Buying and Selling at US Foods
In other news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.70% of the company’s stock.
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.
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