Impax Asset Management Group plc Trims Stake in US Foods Holding Corp. $USFD

Impax Asset Management Group plc lessened its stake in US Foods Holding Corp. (NYSE:USFD) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,000 shares of the company’s stock after selling 13,145 shares during the period. Impax Asset Management Group plc owned about 0.09% of US Foods worth $16,090,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in USFD. Parkside Financial Bank & Trust boosted its holdings in US Foods by 303.7% during the third quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock worth $25,000 after buying an additional 246 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of US Foods by 120.1% in the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after acquiring an additional 263 shares during the period. First Horizon Corp purchased a new stake in shares of US Foods during the 3rd quarter worth about $39,000. MAI Capital Management grew its position in shares of US Foods by 155.6% during the 2nd quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after acquiring an additional 322 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of US Foods during the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a research note on Monday, December 29th. Barclays dropped 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. Citigroup upped their price objective on shares of US Foods from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Guggenheim increased their price objective on shares of US Foods from $88.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

US Foods Stock Down 1.1%

NYSE USFD opened at $89.64 on Thursday. The business has a fifty day moving average price of $80.08 and a 200 day moving average price of $77.93. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. The company has a market cap of $19.98 billion, a P/E ratio of 37.35, a P/E/G ratio of 1.14 and a beta of 1.02. US Foods Holding Corp. has a one year low of $57.36 and a one year high of $91.49.

About US Foods

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.