Davis Investment Partners LLC Sells 1,040 Shares of US Foods Holding Corp. (NYSE:USFD)

Davis Investment Partners LLC trimmed its position in US Foods Holding Corp. (NYSE:USFD) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,824 shares of the company’s stock after selling 1,040 shares during the period. US Foods comprises 0.8% of Davis Investment Partners LLC’s investment portfolio, making the stock its 20th biggest position. Davis Investment Partners LLC’s holdings in US Foods were worth $1,874,000 at the end of the most recent reporting period.

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

US Foods Price Performance

Shares of NYSE USFD traded down $1.02 during midday trading on Monday, hitting $66.33. 1,592,812 shares of the company’s stock were exchanged, compared to its average volume of 1,408,481. The business’s fifty day moving average price is $68.05 and its two-hundred day moving average price is $61.12. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 1.15 and a beta of 1.67. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a 12-month low of $44.81 and a 12-month high of $72.84.

Wall Street Analyst Weigh In

USFD has been the topic of several research reports. Wells Fargo & Company boosted their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Truist Financial upped their price objective on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price target on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. UBS Group raised their price objective on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $67.08.

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.