Zacks Investment Management Buys 2,314 Shares of US Foods Holding Corp (NYSE:USFD)

Zacks Investment Management boosted its stake in shares of US Foods Holding Corp (NYSE:USFD) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,475 shares of the company’s stock after purchasing an additional 2,314 shares during the period. Zacks Investment Management’s holdings in US Foods were worth $2,842,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Nuveen Asset Management LLC increased its holdings in US Foods by 12,392.4% during the second quarter. Nuveen Asset Management LLC now owns 2,898,373 shares of the company’s stock valued at $103,646,000 after buying an additional 2,875,172 shares during the last quarter. Jane Street Group LLC purchased a new stake in US Foods during the second quarter valued at approximately $789,000. D. E. Shaw & Co. Inc. increased its holdings in US Foods by 59.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,707,535 shares of the company’s stock valued at $61,061,000 after buying an additional 635,159 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in US Foods by 133.0% during the second quarter. Point72 Hong Kong Ltd now owns 14,676 shares of the company’s stock valued at $525,000 after buying an additional 8,378 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in US Foods by 790.1% during the second quarter. Cubist Systematic Strategies LLC now owns 309,120 shares of the company’s stock valued at $11,054,000 after buying an additional 274,390 shares during the last quarter. Institutional investors own 95.64% of the company’s stock.

A number of brokerages have commented on USFD. Barclays upped their target price on shares of US Foods from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, September 12th. Zacks Investment Research cut shares of US Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Buckingham Research increased their price objective on shares of US Foods from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Credit Suisse Group increased their price objective on shares of US Foods from $42.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.57.



Shares of NYSE USFD traded down $0.13 during midday trading on Wednesday, reaching $42.27. The stock had a trading volume of 1,562,114 shares, compared to its average volume of 1,826,623. The stock has a 50-day moving average of $40.37 and a 200-day moving average of $37.00. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 1.37. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.25 and a beta of 0.48. US Foods Holding Corp has a 12-month low of $27.51 and a 12-month high of $43.10.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. The firm had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.36 billion. US Foods had a net margin of 1.63% and a return on equity of 14.15%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 earnings per share. As a group, analysts forecast that US Foods Holding Corp will post 2.24 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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