Toronto Dominion Bank acquired a new position in US Foods Holding Corp (NYSE:USFD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,441 shares of the company’s stock, valued at approximately $319,000.
Several other hedge funds have also modified their holdings of USFD. Parnassus Investments CA purchased a new stake in shares of US Foods in the second quarter worth $102,883,000. Jennison Associates LLC purchased a new stake in US Foods during the first quarter valued at about $26,431,000. Carlson Capital L P purchased a new stake in US Foods during the second quarter valued at about $20,405,000. Marshall Wace North America L.P. raised its position in US Foods by 9.7% during the first quarter. Marshall Wace North America L.P. now owns 5,435,138 shares of the company’s stock valued at $189,740,000 after purchasing an additional 481,614 shares in the last quarter. Finally, Allen Investment Management LLC raised its position in US Foods by 12.1% during the first quarter. Allen Investment Management LLC now owns 4,026,260 shares of the company’s stock valued at $140,557,000 after purchasing an additional 433,623 shares in the last quarter. Institutional investors own 95.64% of the company’s stock.
A number of research firms have weighed in on USFD. Buckingham Research raised their price target on US Foods from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Credit Suisse Group raised their price target on US Foods from $42.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Zacks Investment Research downgraded US Foods from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Barclays raised their price target on US Foods from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. US Foods presently has a consensus rating of “Hold” and a consensus price target of $40.57.
US Foods (NYSE:USFD) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.01. US Foods had a return on equity of 14.15% and a net margin of 1.63%. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.36 billion. During the same quarter last year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, sell-side analysts forecast that US Foods Holding Corp will post 2.24 EPS for the current fiscal year.
US Foods Profile
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. Its 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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