Integrated Investment Consultants LLC Trims Stake in US Foods Holding Corp. (NYSE:USFD)

Integrated Investment Consultants LLC lessened its position in US Foods Holding Corp. (NYSE:USFD) by 11.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,900 shares of the company’s stock after selling 500 shares during the quarter. Integrated Investment Consultants LLC’s holdings in US Foods were worth $240,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in US Foods in the second quarter worth about $25,000. Quent Capital LLC raised its holdings in shares of US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after buying an additional 219 shares during the period. International Assets Investment Management LLC bought a new stake in shares of US Foods during the 2nd quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in US Foods during the 3rd quarter valued at $31,000. Finally, Huntington National Bank grew its position in US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after acquiring an additional 409 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

USFD has been the subject of several research analyst reports. Jefferies Financial Group lifted their target price on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upped their target price on shares of US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Piper Sandler lifted their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Finally, StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. One investment 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.com, US Foods presently has a consensus rating of “Buy” and an average price target of $71.09.

US Foods Stock Up 2.2 %

US Foods stock opened at $69.44 on Friday. US Foods Holding Corp. has a twelve month low of $42.80 and a twelve month high of $69.69. The business has a fifty day moving average of $62.72 and a two-hundred day moving average of $57.18. The firm has a market cap of $16.18 billion, a P/E ratio of 29.80, a P/E/G ratio of 1.12 and a beta of 1.66. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.70% of the stock is 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.