Marshall Wace LLP raised its position in US Foods Holding Corp (NYSE:USFD) by 61.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,600,465 shares of the company’s stock after buying an additional 609,680 shares during the period. US Foods comprises about 0.9% of Marshall Wace LLP’s portfolio, making the stock its 18th largest holding. Marshall Wace LLP owned approximately 0.74% of US Foods worth $60,530,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in US Foods by 48.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 24,240 shares of the company’s stock worth $916,000 after buying an additional 7,930 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in US Foods in the 2nd quarter worth about $21,368,000. Xact Kapitalforvaltning AB boosted its holdings in US Foods by 13.0% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 32,141 shares of the company’s stock worth $1,216,000 after buying an additional 3,700 shares during the last quarter. Legal & General Group Plc boosted its holdings in US Foods by 31.8% in the 1st quarter. Legal & General Group Plc now owns 174,523 shares of the company’s stock worth $5,719,000 after buying an additional 42,111 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in US Foods by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,833,517 shares of the company’s stock worth $144,987,000 after buying an additional 542,581 shares during the last quarter.
Several research analysts have recently weighed in on the company. Wells Fargo & Co boosted their target price on US Foods from $42.00 to $48.00 and gave the stock a “$39.60” rating in a report on Wednesday, July 18th. They noted that the move was a valuation call. TheStreet upgraded US Foods from a “c” rating to a “b-” rating in a report on Friday, May 25th. ValuEngine upgraded US Foods from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Citigroup boosted their target price on US Foods from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. Finally, Jefferies Financial Group assumed coverage on US Foods in a report on Friday, June 8th. They set a “buy” rating and a $45.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. US Foods has a consensus rating of “Hold” and an average price target of $38.50.
USFD stock opened at $31.90 on Tuesday. The company has a market cap of $6.84 billion, a PE ratio of 35.05, a PEG ratio of 0.64 and a beta of 0.09. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.81 and a current ratio of 1.39. US Foods Holding Corp has a one year low of $25.43 and a one year high of $40.92.
US Foods (NYSE:USFD) last released its quarterly earnings results on Monday, July 30th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.32 billion. US Foods had a net margin of 2.25% and a return on equity of 12.66%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 EPS. analysts forecast that US Foods Holding Corp will post 1.97 earnings per share for the current year.
About US Foods
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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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