Tensile Capital Management LP lowered its holdings in US Foods Holding Corp. (NYSE:USFD – Free Report) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 931,314 shares of the company’s stock after selling 25,000 shares during the period. US Foods comprises 6.2% of Tensile Capital Management LP’s portfolio, making the stock its 8th largest position. Tensile Capital Management LP owned 0.40% of US Foods worth $57,276,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of USFD. Acadian Asset Management LLC purchased a new position in US Foods in the second quarter valued at about $25,000. Quent Capital LLC raised its stake in US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in US Foods during the second quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in US Foods during the third quarter valued at approximately $31,000. Finally, Huntington National Bank raised its stake in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.
Analyst Ratings Changes
Several analysts have issued reports on the company. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company upped their price objective on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. UBS Group increased their price target on US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays increased their price target on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Truist Financial increased their price target on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $71.09.
US Foods Stock Up 0.5 %
USFD opened at $72.33 on Friday. US Foods Holding Corp. has a 12 month low of $43.24 and a 12 month high of $72.84. 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 stock has a market cap of $16.85 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.17 and a beta of 1.68. The stock’s 50 day moving average price is $64.49 and its 200 day moving average price is $58.31.
Insider Buying and Selling at US Foods
In other news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This trade represents a 10.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is currently owned by corporate insiders.
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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