M&T Bank Corp boosted its stake in shares of US Foods Holding Corp (NYSE:USFD) by 8.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,753 shares of the company’s stock after acquiring an additional 1,090 shares during the quarter. M&T Bank Corp’s holdings in US Foods were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in US Foods by 0.3% during the 1st quarter. BlackRock Inc. now owns 9,268,055 shares of the company’s stock valued at $323,547,000 after acquiring an additional 25,002 shares during the period. Marshall Wace North America L.P. raised its position in US Foods by 9.7% during the 1st quarter. Marshall Wace North America L.P. now owns 5,435,138 shares of the company’s stock valued at $189,740,000 after purchasing an additional 481,614 shares during the last quarter. Allen Investment Management LLC raised its position in US Foods by 12.1% during the 1st quarter. Allen Investment Management LLC now owns 4,026,260 shares of the company’s stock valued at $140,557,000 after purchasing an additional 433,623 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in US Foods by 2.5% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 3,078,838 shares of the company’s stock valued at $107,482,000 after purchasing an additional 73,859 shares during the last quarter. Finally, Parnassus Investments CA bought a new position in US Foods during the 2nd quarter valued at approximately $102,883,000. Institutional investors own 95.64% of the company’s stock.
Shares of USFD opened at $40.42 on Friday. US Foods Holding Corp has a 12 month low of $27.51 and a 12 month high of $43.10. The business’s fifty day simple moving average is $40.61 and its two-hundred day simple moving average is $37.10. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.22 and a beta of 0.49. The company has a current ratio of 1.37, a quick ratio of 0.80 and a debt-to-equity ratio of 0.90.
US Foods (NYSE:USFD) last announced its earnings results on Tuesday, August 6th. The company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.36 billion. US Foods had a return on equity of 14.15% and a net margin of 1.63%. US Foods’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. As a group, research analysts forecast that US Foods Holding Corp will post 2.24 EPS for the current year.
USFD has been the subject of a number of recent analyst reports. Barclays upped their price target on US Foods from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Thursday, September 12th. Zacks Investment Research lowered US Foods from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Buckingham Research increased their target price on US Foods from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Credit Suisse Group raised their price objective on US Foods from $42.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.57.
US Foods Company 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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