PDT Partners LLC Sells 16,014 Shares of US Foods Holding Corp. (NYSE:USFD)

PDT Partners LLC reduced its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 37.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,563 shares of the company’s stock after selling 16,014 shares during the period. PDT Partners LLC’s holdings in US Foods were worth $1,634,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of US Foods in the 2nd quarter valued at about $25,000. Quent Capital LLC lifted its position in US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of US Foods in the second quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in shares of US Foods in the third quarter worth $31,000. Finally, Huntington National Bank raised its holdings in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Price Performance

USFD stock opened at $69.77 on Monday. 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 $42.96 and a 12 month high of $70.80. The stock has a market cap 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 50-day moving average price of $63.77 and a 200 day moving average price of $57.90.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on USFD shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Piper Sandler boosted their price target on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Truist Financial lifted their price objective on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Finally, StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $71.09.

Insider Activity at US Foods

In other 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 value 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.

US Foods Company 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.