Clarkston Capital Partners LLC Lowers Holdings in US Foods Holding Corp. (NYSE:USFD)

Clarkston Capital Partners LLC lessened its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,583,845 shares of the company’s stock after selling 175,245 shares during the quarter. US Foods comprises about 6.3% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Clarkston Capital Partners LLC owned 2.28% of US Foods worth $343,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its holdings in US Foods by 2.9% in the third quarter. Thrivent Financial for Lutherans now owns 99,066 shares of the company’s stock worth $6,092,000 after purchasing an additional 2,800 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of US Foods by 2.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 132,170 shares of the company’s stock valued at $8,128,000 after buying an additional 2,661 shares during the period. Natixis Advisors LLC boosted its stake in shares of US Foods by 96.2% in the 3rd quarter. Natixis Advisors LLC now owns 149,268 shares of the company’s stock worth $9,180,000 after buying an additional 73,178 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of US Foods by 3.3% in the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock worth $436,000 after acquiring an additional 226 shares during the period. Finally, OneDigital Investment Advisors LLC increased its position in US Foods by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 20,897 shares of the company’s stock valued at $1,285,000 after acquiring an additional 267 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 transaction 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 legal filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on USFD. Barclays increased 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. Piper Sandler increased their price target on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Wells Fargo & Company boosted their price objective on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Jefferies Financial Group raised their target price on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, US Foods has a consensus rating of “Buy” and a consensus target price of $71.09.

US Foods Stock Performance

NYSE USFD opened at $64.67 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a twelve month low of $42.19 and a twelve month high of $68.00. The business has a 50-day moving average price of $62.02 and a 200-day moving average price of $56.79. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 27.76, a price-to-earnings-growth ratio of 1.08 and a beta of 1.66.

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.