Clarkston Capital Partners LLC Has $343.41 Million Holdings in US Foods Holding Corp. (NYSE:USFD)

Clarkston Capital Partners LLC cut its holdings in US Foods Holding Corp. (NYSE:USFD) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,583,845 shares of the company’s stock after selling 175,245 shares during the quarter. US Foods accounts for approximately 6.3% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 3rd largest position. Clarkston Capital Partners LLC’s holdings in US Foods were worth $343,406,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its position in US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after purchasing an additional 2,064,321 shares during the period. Congress Asset Management Co. bought a new position in shares of US Foods during the 3rd quarter valued at approximately $121,196,000. Interval Partners LP raised its holdings in US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after buying an additional 1,470,630 shares during the period. Vanguard Group Inc. lifted its position in US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after buying an additional 796,434 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in US Foods by 175.8% during the second quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock worth $57,764,000 after buying an additional 694,999 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Trading Down 2.0 %

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

Analysts Set New Price Targets

USFD has been the topic of several recent analyst reports. UBS Group increased their target price on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted 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. Barclays increased their price target on US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Truist Financial boosted their price objective on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $71.09.

Insider Activity at US Foods

In other 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 transaction, the chief financial officer now directly owns 88,563 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by corporate insiders.

About US Foods

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.