Boothbay Fund Management LLC bought a new position in shares of US Foods Holding Corp (NYSE:USFD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,072 shares of the company’s stock, valued at approximately $296,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Advisory Inc. purchased a new position in shares of US Foods during the third quarter worth about $214,000. Strategic Global Advisors LLC grew its holdings in shares of US Foods by 49.7% during the third quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock worth $323,000 after buying an additional 4,016 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of US Foods by 180.6% during the third quarter. Envestnet Asset Management Inc. now owns 14,093 shares of the company’s stock worth $375,000 after buying an additional 9,071 shares during the last quarter. PEAK6 Investments L.P. purchased a new stake in US Foods in the 3rd quarter valued at approximately $528,000. Finally, Magnetar Financial LLC purchased a new stake in US Foods in the 3rd quarter valued at approximately $2,489,000. Institutional investors and hedge funds own 96.91% of the company’s stock.
A number of equities research analysts have weighed in on USFD shares. Barclays started coverage on US Foods in a report on Monday, August 28th. They issued an “equal weight” rating and a $30.00 price objective on the stock. BidaskClub lowered US Foods from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised US Foods from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. US Foods presently has a consensus rating of “Buy” and an average price target of $31.56.
In other news, insider Jay Kvasnicka sold 23,572 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $27.30, for a total transaction of $643,515.60. Following the sale, the insider now owns 3,222 shares of the company’s stock, valued at approximately $87,960.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $27.34, for a total value of $546,800,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 40,001,345 shares of company stock worth $1,106,821,160 in the last three months. Corporate insiders own 1.56% of the company’s stock.
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About US Foods
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.
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