Artemis Investment Management LLP Decreases Stake in US Foods Holding Corp. (NYSE:USFD)

Artemis Investment Management LLP cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 32.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 356,518 shares of the company’s stock after selling 172,820 shares during the quarter. Artemis Investment Management LLP’s holdings in US Foods were worth $24,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USFD. Public Sector Pension Investment Board grew its position in shares of US Foods by 100.2% in the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after purchasing an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP grew its holdings in US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after buying an additional 2,435,357 shares in the last quarter. Congress Asset Management Co. bought a new stake in shares of US Foods during the third quarter valued at about $121,196,000. Interval Partners LP lifted its holdings in shares of US Foods by 371.2% in the second quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock worth $98,905,000 after buying an additional 1,470,630 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in shares of US Foods by 175.8% in the second quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock valued at $57,764,000 after acquiring an additional 694,999 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Price Performance

USFD stock opened at $68.41 on Friday. The firm has a market cap of $15.93 billion, a P/E ratio of 29.36, a P/E/G ratio of 0.91 and a beta of 1.67. The firm’s fifty day moving average is $68.31 and its 200 day moving average is $61.57. US Foods Holding Corp. has a 52 week low of $44.81 and a 52 week high of $72.84. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on USFD shares. Barclays upped their target price on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Piper Sandler increased their price objective on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, 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. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, US Foods presently has an average rating of “Buy” and a consensus target price of $67.42.

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.