US Foods Holding Corp. (NYSE:USFD) Shares Sold by South Street Advisors LLC

by · The Cerbat Gem

South Street Advisors LLC trimmed its stake in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,481 shares of the company’s stock after selling 14,767 shares during the quarter. US Foods comprises 2.9% of South Street Advisors LLC’s holdings, making the stock its 14th biggest position. South Street Advisors LLC owned about 0.13% of US Foods worth $18,849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USFD. Vanguard Group Inc. raised its holdings in shares of US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after purchasing an additional 796,434 shares in the last quarter. Boston Partners raised its holdings in shares of US Foods by 3.5% in the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock worth $891,073,000 after purchasing an additional 566,277 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of US Foods by 5.1% in the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock worth $550,111,000 after acquiring an additional 500,129 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of US Foods by 46.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after acquiring an additional 2,064,321 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of US Foods by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock worth $239,940,000 after acquiring an additional 567,601 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

US Foods Stock Down 2.0 %

USFD stock traded down $1.31 during mid-day trading on Friday, hitting $64.67. 1,723,972 shares of the company were exchanged, compared to its average volume of 1,805,055. The firm 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. US Foods Holding Corp. has a 1-year low of $42.19 and a 1-year high of $68.00. The firm’s 50 day simple moving average is $62.02 and its 200 day simple moving average is $56.74. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19.

Insider Transactions at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were 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 of the company’s stock, valued at approximately $5,132,225.85. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. UBS Group boosted their target price on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company boosted their price objective on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Barclays boosted their price objective on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $71.09.

Read Our Latest Stock Analysis on US Foods

US Foods 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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