American Century Companies Inc. raised its holdings in shares of US Foods Holding Corp (NYSE:USFD) by 12.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,802,982 shares of the company’s stock after purchasing an additional 424,348 shares during the quarter. American Century Companies Inc. owned 1.75% of US Foods worth $117,208,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Colony Group LLC grew its stake in US Foods by 0.5% during the 2nd quarter. Colony Group LLC now owns 350,689 shares of the company’s stock valued at $13,263,000 after purchasing an additional 1,876 shares in the last quarter. Strs Ohio lifted its holdings in US Foods by 15.4% during the 3rd quarter. Strs Ohio now owns 16,346 shares of the company’s stock worth $503,000 after buying an additional 2,178 shares during the last quarter. Amalgamated Bank lifted its holdings in US Foods by 5.6% during the 2nd quarter. Amalgamated Bank now owns 41,464 shares of the company’s stock worth $1,568,000 after buying an additional 2,205 shares during the last quarter. Swiss National Bank lifted its holdings in US Foods by 0.8% during the 2nd quarter. Swiss National Bank now owns 376,055 shares of the company’s stock worth $14,222,000 after buying an additional 2,800 shares during the last quarter. Finally, Carnick & Kubik Group LLC lifted its holdings in US Foods by 4.4% during the 3rd quarter. Carnick & Kubik Group LLC now owns 69,749 shares of the company’s stock worth $2,150,000 after buying an additional 2,914 shares during the last quarter.
A number of research firms have commented on USFD. Loop Capital set a $34.00 target price on US Foods and gave the stock a “hold” rating in a report on Friday. Wells Fargo & Co increased 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. Jefferies Financial Group set a $45.00 target price on US Foods and gave the stock a “buy” rating in a report on Tuesday, July 31st. ValuEngine downgraded US Foods from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Finally, Credit Suisse Group reduced their target price on US Foods from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $37.87.
Shares of NYSE USFD opened at $31.50 on Friday. The company has a market capitalization of $6.86 billion, a P/E ratio of 34.62, a P/E/G ratio of 0.65 and a beta of 0.36. US Foods Holding Corp has a 12-month low of $26.30 and a 12-month high of $40.92. 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 (NYSE:USFD) last announced its quarterly earnings results on Tuesday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.31 billion. US Foods had a return on equity of 13.35% and a net margin of 2.33%. The business’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. On average, research analysts forecast that US Foods Holding Corp will post 1.97 earnings per share for the current year.
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US Foods Profile
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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