Assenagon Asset Management S.A. Grows Position in US Foods Holding Corp. (NYSE:USFD)

Assenagon Asset Management S.A. grew its stake in US Foods Holding Corp. (NYSE:USFD) by 94.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 407,611 shares of the company’s stock after buying an additional 198,432 shares during the quarter. Assenagon Asset Management S.A.’s holdings in US Foods were worth $27,497,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Bank of Montreal Can increased its holdings in US Foods by 0.3% in the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after acquiring an additional 171 shares in the last quarter. Davis Investment Partners LLC increased its stake in shares of US Foods by 0.7% in the third quarter. Davis Investment Partners LLC now owns 28,864 shares of the company’s stock worth $1,775,000 after purchasing an additional 193 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares during the period. Quent Capital LLC lifted its stake in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in US Foods by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock worth $436,000 after buying an additional 226 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Price Performance

USFD stock opened at $68.03 on Friday. The company has a fifty day simple moving average of $68.28 and a two-hundred day simple moving average of $61.40. US Foods Holding Corp. has a 52 week low of $44.81 and a 52 week high of $72.84. 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 firm has a market capitalization of $15.85 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 0.91 and a beta of 1.67.

Analysts Set New Price Targets

USFD has been the topic of several research analyst reports. Barclays boosted their price objective on US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Truist Financial increased their price objective on shares of US Foods from $74.00 to $78.00 and gave the company a “buy” rating in a report on Thursday. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Piper Sandler upped their target price on shares of US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group lifted their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, US Foods has an average rating of “Buy” and a consensus target price of $67.42.

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.