Avalon Trust Co Raises Stake in US Foods Holding Corp. $USFD

Avalon Trust Co boosted its stake in US Foods Holding Corp. (NYSE:USFD) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,425 shares of the company’s stock after purchasing an additional 1,125 shares during the quarter. Avalon Trust Co owned approximately 0.06% of US Foods worth $10,814,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of US Foods by 29.1% in the first quarter. Boston Partners now owns 16,457,351 shares of the company’s stock worth $1,076,225,000 after buying an additional 3,713,345 shares in the last quarter. Wellington Management Group LLP increased its holdings in US Foods by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock worth $774,806,000 after acquiring an additional 426,288 shares during the period. Invesco Ltd. lifted its stake in US Foods by 21.8% in the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock worth $493,964,000 after purchasing an additional 1,350,034 shares in the last quarter. Geode Capital Management LLC boosted its holdings in US Foods by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,986,397 shares of the company’s stock valued at $307,044,000 after purchasing an additional 52,361 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in US Foods by 120.3% in the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock valued at $162,853,000 after purchasing an additional 1,385,521 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on USFD shares. Guggenheim increased their price objective on US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Barclays lowered their price target on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. UBS Group boosted their price objective on US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a research note on Tuesday. Finally, Piper Sandler boosted their price target on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $82.00.

US Foods Trading Up 1.0%

NYSE USFD opened at $72.87 on Thursday. The firm has a market cap of $16.25 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $85.11. The stock has a 50-day moving average of $75.91 and a 200-day moving average of $76.88. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the previous year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

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.