United Asset Strategies Inc. Trims Stake in US Foods Holding Corp. (NYSE:USFD)

United Asset Strategies Inc. cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 31,541 shares of the company’s stock after selling 197 shares during the quarter. United Asset Strategies Inc.’s holdings in US Foods were worth $2,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Retirement Systems of Alabama increased its stake in US Foods by 5.4% during the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after purchasing an additional 17,897 shares during the period. State Street Corp increased its stake in US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after buying an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in US Foods by 121.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after buying an additional 28,232 shares in the last quarter. Jag Capital Management LLC boosted its position in US Foods by 3,175.1% in the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after buying an additional 164,060 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of US Foods by 72.0% in the third quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock worth $40,000 after acquiring an additional 275 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler lifted their target price on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. UBS Group lifted their price objective on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Morgan Stanley upped their target price on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Finally, Melius assumed coverage on shares of US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given 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 target price of $68.92.

US Foods Stock Up 1.0 %

USFD opened at $69.40 on Monday. The stock has a market capitalization of $16.17 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 0.93 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. US Foods Holding Corp. has a one year low of $44.83 and a one year high of $72.84. The business’s 50-day simple moving average is $68.58 and its 200-day simple moving average is $62.25.

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.