Bank of New York Mellon Corp boosted its stake in shares of US Foods Holding Corp (NASDAQ:USFD) by 40.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,306,308 shares of the company’s stock after buying an additional 957,190 shares during the period. Bank of New York Mellon Corp owned 1.49% of US Foods Holding Corp worth $89,999,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of US Foods Holding Corp during the first quarter valued at $105,000. Public Employees Retirement Association of Colorado increased its stake in shares of US Foods Holding Corp by 197.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,210 shares of the company’s stock valued at $115,000 after buying an additional 2,794 shares in the last quarter. US Bancorp DE increased its stake in shares of US Foods Holding Corp by 205.9% in the second quarter. US Bancorp DE now owns 4,402 shares of the company’s stock valued at $120,000 after buying an additional 2,963 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in shares of US Foods Holding Corp by 458.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,420 shares of the company’s stock valued at $175,000 after buying an additional 5,270 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of US Foods Holding Corp by 255.6% in the first quarter. UBS Group AG now owns 7,280 shares of the company’s stock valued at $204,000 after buying an additional 5,233 shares in the last quarter.
US Foods Holding Corp (USFD) opened at 27.40 on Friday. The firm’s 50-day moving average is $27.58 and its 200 day moving average is $27.89. The firm has a market cap of $6.13 billion and a PE ratio of 20.57. US Foods Holding Corp has a 1-year low of $22.19 and a 1-year high of $30.73.
US Foods Holding Corp (NASDAQ:USFD) last released its earnings results on Wednesday, August 9th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. US Foods Holding Corp had a return on equity of 10.08% and a net margin of 1.06%. The firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same quarter in the previous year, the business posted ($0.07) earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts forecast that US Foods Holding Corp will post $1.35 earnings per share for the current fiscal year.
Several brokerages recently weighed in on USFD. Zacks Investment Research downgraded shares of US Foods Holding Corp from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $32.00 price objective on shares of US Foods Holding Corp in a research report on Thursday, August 10th. Wells Fargo & Company reiterated a “buy” rating on shares of US Foods Holding Corp in a research report on Wednesday, August 9th. Pivotal Research set a $29.00 price objective on shares of US Foods Holding Corp and gave the company a “hold” rating in a research report on Wednesday, August 9th. Finally, BMO Capital Markets set a $29.00 price objective on shares of US Foods Holding Corp and gave the company a “hold” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. US Foods Holding Corp presently has a consensus rating of “Buy” and a consensus target price of $31.00.
In other US Foods Holding Corp news, insider Keith D. Rohland sold 35,451 shares of US Foods Holding Corp stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $27.12, for a total value of $961,431.12. Following the transaction, the insider now owns 161,134 shares in the company, valued at $4,369,954.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
US Foods Holding Corp Company Profile
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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