Chescapmanager LLC Has $44.05 Million Stock Position in US Foods Holding Corp. (NYSE:USFD)

Chescapmanager LLC lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 716,323 shares of the company’s stock after selling 25,000 shares during the period. US Foods accounts for about 4.7% of Chescapmanager LLC’s investment portfolio, making the stock its 6th largest position. Chescapmanager LLC owned about 0.31% of US Foods worth $44,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Benjamin Edwards Inc. bought a new stake in shares of US Foods in the third quarter worth about $328,000. Atom Investors LP boosted its stake in US Foods by 275.8% during the third quarter. Atom Investors LP now owns 103,784 shares of the company’s stock valued at $6,383,000 after buying an additional 76,164 shares during the last quarter. Verition Fund Management LLC grew its holdings in US Foods by 14.6% during the 3rd quarter. Verition Fund Management LLC now owns 885,606 shares of the company’s stock valued at $54,465,000 after buying an additional 112,701 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in US Foods in the 3rd quarter worth approximately $10,718,000. Finally, Public Sector Pension Investment Board raised its holdings in shares of US Foods by 100.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock worth $369,000 after acquiring an additional 2,500,000 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Trading Down 0.1 %

USFD stock opened at $69.77 on Monday. US Foods Holding Corp. has a 12 month low of $42.96 and a 12 month high of $70.80. The firm’s 50-day moving average is $63.77 and its 200 day moving average is $57.90. The company has a market capitalization of $16.25 billion, a PE ratio of 29.94, a P/E/G ratio of 1.15 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on USFD. 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. UBS Group upped their target price on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Truist Financial raised their price objective on US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group boosted their target price on US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. One equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $71.09.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The stock was 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 directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The trade was a 10.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.70% of the company’s stock.

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.