Neuberger Berman Group LLC Raises Stake in US Foods Holding Corp. (NYSE:USFD)

Neuberger Berman Group LLC boosted its holdings in US Foods Holding Corp. (NYSE:USFDGet Rating) by 3.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,617,694 shares of the company’s stock after purchasing an additional 52,881 shares during the quarter. Neuberger Berman Group LLC’s holdings in US Foods were worth $60,874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers lifted its stake in shares of US Foods by 3.1% during the fourth quarter. Rhumbline Advisers now owns 208,936 shares of the company’s stock worth $7,277,000 after purchasing an additional 6,237 shares in the last quarter. Bank of Montreal Can lifted its position in US Foods by 1,247.8% during the 4th quarter. Bank of Montreal Can now owns 76,974 shares of the company’s stock worth $2,683,000 after acquiring an additional 71,263 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in US Foods by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,443,778 shares of the company’s stock worth $50,287,000 after acquiring an additional 58,179 shares during the period. Geode Capital Management LLC grew its position in US Foods by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 2,739,444 shares of the company’s stock valued at $95,414,000 after acquiring an additional 95,528 shares in the last quarter. Finally, Alberta Investment Management Corp raised its stake in shares of US Foods by 1,068.3% during the fourth quarter. Alberta Investment Management Corp now owns 557,284 shares of the company’s stock valued at $19,410,000 after purchasing an additional 509,584 shares during the period. 97.42% of the stock is owned by institutional investors and hedge funds.

US Foods Stock Performance

US Foods stock opened at $29.62 on Monday. The company has a market cap of $6.65 billion, a PE ratio of 42.31 and a beta of 1.38. US Foods Holding Corp. has a 12 month low of $27.48 and a 12 month high of $39.73. The company has a fifty day moving average price of $31.62 and a two-hundred day moving average price of $33.25. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.37 and a quick ratio of 0.77.

US Foods (NYSE:USFDGet Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.70 billion. US Foods had a net margin of 0.61% and a return on equity of 12.19%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. Research analysts expect that US Foods Holding Corp. will post 2.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on USFD shares. JPMorgan Chase & Co. started coverage on shares of US Foods in a research note on Wednesday, September 7th. They set a “neutral” rating on the stock. Barclays boosted their price target on US Foods to $36.00 in a research note on Monday, August 15th. Truist Financial lowered their price objective on US Foods from $45.00 to $41.00 in a research note on Friday, August 12th. Morgan Stanley upped their target price on US Foods from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, August 12th. Finally, Guggenheim decreased their price target on shares of US Foods from $48.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, August 15th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.11.

US Foods Company Profile

(Get Rating)

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. 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.

Recommended Stories

Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods Holding Corp. (NYSE:USFDGet Rating).

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

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.