Pacer Advisors Inc. Lowers Stock Position in US Foods Holding Corp. (NYSE:USFD)

Pacer Advisors Inc. trimmed its position in US Foods Holding Corp. (NYSE:USFD) by 18.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,726 shares of the company’s stock after selling 7,724 shares during the period. Pacer Advisors Inc.’s holdings in US Foods were worth $2,343,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USFD. Public Sector Pension Investment Board grew its holdings in shares of US Foods by 100.2% in the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after acquiring an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP boosted its position in US Foods by 25.2% in the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after purchasing an additional 2,435,357 shares during the last quarter. Congress Asset Management Co. bought a new position in US Foods in the 3rd quarter valued at $121,196,000. State Street Corp increased its position in shares of US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after purchasing an additional 316,061 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of US Foods by 4.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock worth $420,781,000 after purchasing an additional 291,016 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Trading Down 1.0 %

Shares of USFD opened at $71.02 on Friday. US Foods Holding Corp. has a twelve month low of $45.24 and a twelve month high of $72.84. The stock has a market cap of $16.54 billion, a PE ratio of 30.48, a P/E/G ratio of 0.96 and a beta of 1.67. 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’s 50-day moving average price is $68.97 and its 200-day moving average price is $62.77.

Wall Street Analyst Weigh In

USFD has been the subject of several research reports. Jefferies Financial Group increased their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Piper Sandler raised their price target on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Barclays upped their price objective on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Truist Financial raised their target price on US Foods from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, UBS Group upped their price target on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $68.92.

US Foods 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.