Fmr LLC Sells 1,128,026 Shares of US Foods Holding Corp. (NYSE:USFD)

Fmr LLC lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 4.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,980,032 shares of the company’s stock after selling 1,128,026 shares during the quarter. Fmr LLC owned 0.09% of US Foods worth $1,351,772,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of USFD. Bank of Montreal Can grew its holdings in shares of US Foods by 0.3% in the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after purchasing an additional 171 shares in the last quarter. Davis Investment Partners LLC grew its holdings in shares of US Foods by 0.7% in the third quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock valued at $1,775,000 after purchasing an additional 193 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares in the last quarter. Quent Capital LLC grew 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 valued at $29,000 after purchasing an additional 219 shares in the last quarter. Finally, 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 valued at $436,000 after purchasing an additional 226 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Up 0.4 %

NYSE:USFD opened at $70.17 on Wednesday. US Foods Holding Corp. has a twelve month low of $42.96 and a twelve month high of $70.52. The company has a market cap of $16.35 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66. The stock has a fifty day simple moving average of $63.09 and a 200-day simple moving average of $57.48. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Wall Street Analyst Weigh In

USFD has been the subject of a number of recent research reports. Barclays raised their target price on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group lifted their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company lifted 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. 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, US Foods presently has an average rating of “Buy” and a consensus target price of $71.09.

Insider Transactions at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. The trade was a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

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.