US Foods Holding Corp. (NYSE:USFD) Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC grew its holdings in US Foods Holding Corp. (NYSE:USFD) by 10.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,370 shares of the company’s stock after acquiring an additional 419 shares during the quarter. Highland Capital Management LLC’s holdings in US Foods were worth $232,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of US Foods by 23.5% during the first quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock worth $59,000 after purchasing an additional 207 shares during the last quarter. Davis Investment Partners LLC increased its holdings in shares of US Foods by 1.0% during the 1st quarter. Davis Investment Partners LLC now owns 22,832 shares of the company’s stock worth $1,179,000 after buying an additional 222 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in US Foods by 2.8% in the first quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock valued at $574,000 after acquiring an additional 286 shares during the last quarter. OLD National Bancorp IN grew its position in US Foods by 5.0% during the second quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock valued at $333,000 after acquiring an additional 301 shares during the period. Finally, Fifth Third Bancorp increased its stake in US Foods by 25.8% during the first quarter. Fifth Third Bancorp now owns 1,623 shares of the company’s stock worth $88,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

Shares of NYSE:USFD traded up $0.38 during trading on Friday, reaching $58.78. The stock had a trading volume of 1,497,249 shares, compared to its average volume of 2,135,323. The firm has a market capitalization of $14.45 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 0.96 and a beta of 1.62. The stock has a fifty day simple moving average of $53.49 and a two-hundred day simple moving average of $52.60. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $58.85. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92.

US Foods (NYSE:USFD) last released its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $0.73 earnings per share. As a group, analysts anticipate that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on USFD. Wells Fargo & Company increased their target price on shares of US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Truist Financial raised their target price on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Piper Sandler increased their price target on US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a report on Friday, June 7th. Barclays boosted their price objective on US Foods from $60.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. increased their target price on US Foods from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $64.70.

US Foods Company Profile

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's 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.