US Foods Holding Corp. (NYSE:USFD) Stock Position Decreased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC decreased its position in US Foods Holding Corp. (NYSE:USFD) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,804 shares of the company’s stock after selling 17,188 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in US Foods were worth $3,360,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in USFD. Public Sector Pension Investment Board raised its holdings in US Foods by 100.2% during the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after buying an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after acquiring an additional 2,435,357 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in US Foods by 46.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after purchasing an additional 2,064,321 shares during the last quarter. Congress Asset Management Co. bought a new stake in US Foods during the third quarter worth approximately $121,196,000. Finally, Interval Partners LP grew its holdings in US Foods by 371.2% during the second quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock valued at $98,905,000 after purchasing an additional 1,470,630 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Stock Performance

USFD traded down $1.03 during trading on Monday, reaching $66.95. 673,468 shares of the company’s stock were exchanged, compared to its average volume of 889,717. The company has a market capitalization of $15.60 billion, a P/E ratio of 28.73, a PEG ratio of 1.15 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 has a 50 day moving average price of $67.44 and a 200 day moving average price of $60.59. US Foods Holding Corp. has a fifty-two week low of $44.81 and a fifty-two week high of $72.84.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Piper Sandler upped 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. UBS Group raised 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. Jefferies Financial Group boosted their price objective on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Melius started coverage on US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price for the company. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, US Foods has an average rating of “Buy” and an average price target of $67.08.

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.