Assenagon Asset Management S.A. Has $4.53 Million Stock Position in US Foods Holding Corp. $USFD

Assenagon Asset Management S.A. reduced its position in shares of US Foods Holding Corp. (NYSE:USFD) by 29.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,172 shares of the company’s stock after selling 24,302 shares during the quarter. Assenagon Asset Management S.A.’s holdings in US Foods were worth $4,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in USFD. Norges Bank acquired a new stake in shares of US Foods during the 2nd quarter worth approximately $184,413,000. Primecap Management Co. CA boosted its stake in US Foods by 84.4% in the second quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock valued at $275,750,000 after acquiring an additional 1,639,310 shares during the last quarter. AQR Capital Management LLC grew its holdings in US Foods by 120.3% during the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock worth $162,853,000 after acquiring an additional 1,385,521 shares during the period. Parnassus Investments LLC bought a new stake in shares of US Foods during the 1st quarter valued at $64,199,000. Finally, Holocene Advisors LP bought a new stake in US Foods in the second quarter valued at about $64,220,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other US Foods news, insider Steven Guberman sold 58,632 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the sale, the insider directly owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. This represents a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on USFD shares. Wall Street Zen raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Barclays cut their price target on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Piper Sandler increased their price objective on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a report on Monday, December 15th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, US Foods has a consensus rating of “Buy” and an average price target of $89.00.

US Foods Trading Up 0.9%

US Foods stock opened at $77.44 on Monday. The company has a market cap of $17.27 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 1.04 and a beta of 1.03. The firm has a 50-day moving average of $74.89 and a 200-day moving average of $77.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70. US Foods Holding Corp. has a one year low of $57.36 and a one year high of $85.11.

US Foods (NYSE:USFD) last released its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.02. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. US Foods had a return on equity of 17.71% and a net margin of 1.43%.US Foods’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

US Foods Company Profile

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.