Assetmark Inc. Acquires 661 Shares of US Foods Holding Corp. (NYSE:USFD)

Assetmark Inc. lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 66,100.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 662 shares of the company’s stock after purchasing an additional 661 shares during the period. Assetmark Inc.’s holdings in US Foods were worth $41,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in USFD. Davis Investment Partners LLC increased its holdings 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 buying an additional 193 shares during the period. Quent Capital LLC boosted its stake in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after purchasing an additional 219 shares during the period. Mount Yale Investment Advisors LLC grew its holdings in shares of US Foods by 2.8% in the first quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock worth $574,000 after purchasing an additional 286 shares during the last quarter. OLD National Bancorp IN raised its holdings in US Foods by 5.0% during the 2nd quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock valued at $333,000 after buying an additional 301 shares during the last quarter. Finally, US Bancorp DE boosted its position in US Foods by 3.8% during the 1st quarter. US Bancorp DE now owns 9,355 shares of the company’s stock valued at $505,000 after buying an additional 344 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In other news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction on 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 $5,132,225.85. This trade represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Piper Sandler upped their price objective on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Truist Financial increased their price objective on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group raised their price target on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, UBS Group upped their price objective on shares of US Foods from $67.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $71.09.

US Foods Stock Up 1.1 %

NYSE:USFD opened at $65.37 on Tuesday. 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 firm’s 50-day moving average price is $62.02 and its 200-day moving average price is $56.83. The company has a market capitalization of $15.23 billion, a PE ratio of 27.94, a P/E/G ratio of 1.07 and a beta of 1.66. US Foods Holding Corp. has a 1-year low of $42.19 and a 1-year high of $68.00.

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.