PDT Partners LLC Lowers Position in US Foods Holding Corp. (NYSE:USFD)

PDT Partners LLC decreased its holdings in US Foods Holding Corp. (NYSE:USFD) by 37.6% in the third quarter, HoldingsChannel.com reports. The firm owned 26,563 shares of the company’s stock after selling 16,014 shares during the quarter. PDT Partners LLC’s holdings in US Foods were worth $1,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quent Capital LLC grew its holdings in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after purchasing an additional 219 shares during the period. Acadian Asset Management LLC acquired a new position in shares of US Foods in the second quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in US Foods during the 3rd quarter worth $31,000. Huntington National Bank grew its holdings in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after acquiring an additional 409 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in US Foods in the third quarter valued at $34,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The trade was a 10.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.

US Foods Price Performance

NYSE USFD opened at $69.77 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. The stock’s 50-day moving average is $63.77 and its two-hundred day moving average is $57.90. The firm has a market cap of $16.25 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66. US Foods Holding Corp. has a fifty-two week low of $42.96 and a fifty-two week high of $70.80.

Analyst Ratings Changes

USFD has been the subject of a number of research reports. Truist Financial boosted their price target on shares of US Foods from $66.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Piper Sandler increased their price target on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased 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. Finally, StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $71.09.

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.