Qsemble Capital Management LP Invests $646,000 in US Foods Holding Corp. (NYSE:USFD)

Qsemble Capital Management LP acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,512 shares of the company’s stock, valued at approximately $646,000.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after purchasing an additional 171 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in US Foods in the third quarter valued at $1,141,000. Algert Global LLC boosted its stake in US Foods by 160.5% in the 3rd quarter. Algert Global LLC now owns 254,941 shares of the company’s stock worth $15,679,000 after buying an additional 157,079 shares during the last quarter. Cerity Partners LLC grew its holdings in US Foods by 79.3% in the 3rd quarter. Cerity Partners LLC now owns 33,735 shares of the company’s stock valued at $2,075,000 after buying an additional 14,920 shares during the period. Finally, Camden National Bank acquired a new position in shares of US Foods during the 3rd quarter valued at about $290,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Trading Up 0.4 %

NYSE USFD opened at $70.17 on Wednesday. The company’s fifty day simple moving average is $63.09 and its 200-day simple moving average is $57.48. The stock has a market cap of $16.35 billion, a P/E ratio of 30.12, a PEG ratio of 1.15 and a beta of 1.66. US Foods Holding Corp. has a 52 week low of $42.96 and a 52 week high of $70.52. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01.

Analysts Set New Price Targets

A number of research firms recently issued reports on USFD. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Piper Sandler increased their target price on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Wells Fargo & Company boosted their price target on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. Truist Financial raised 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, US Foods presently has a consensus rating of “Buy” and an average price target of $71.09.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

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.