US Foods Holding Corp. (NYSE:USFD) Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp raised its position in shares of US Foods Holding Corp. (NYSE:USFD) by 41.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,293 shares of the company’s stock after buying an additional 670 shares during the period. Fifth Third Bancorp’s holdings in US Foods were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of USFD. Redmont Wealth Advisors LLC purchased a new stake in US Foods during the first quarter worth about $27,000. Rise Advisors LLC purchased a new position in shares of US Foods in the 1st quarter valued at about $30,000. GAMMA Investing LLC acquired a new position in shares of US Foods during the fourth quarter worth about $41,000. Headlands Technologies LLC purchased a new stake in shares of US Foods during the first quarter worth approximately $50,000. Finally, Quarry LP acquired a new stake in US Foods in the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Trading Up 0.7 %

USFD opened at $58.78 on Monday. The firm has a market cap of $14.45 billion, a price-to-earnings ratio of 28.96, a price-to-earnings-growth ratio of 0.96 and a beta of 1.62. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $58.85. The business’s 50 day moving average is $53.49 and its two-hundred day moving average is $52.60. 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 announced its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. The business had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 EPS. On average, research analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on USFD shares. Piper Sandler increased their price objective on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Wells Fargo & Company raised their price target on US Foods from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $62.00 price objective (up from $58.00) on shares of US Foods in a research report on Friday, May 10th. Morgan Stanley raised their target price on US Foods from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Finally, Barclays upped their price target on US Foods from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.