US Foods Holding Corp. $USFD Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in US Foods Holding Corp. (NYSE:USFD) by 5.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,823,357 shares of the company’s stock after acquiring an additional 93,849 shares during the quarter. Bank of New York Mellon Corp’s holdings in US Foods were worth $140,417,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in USFD. Boston Partners lifted its position 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 valued at $1,076,225,000 after acquiring an additional 3,713,345 shares in the last quarter. Burgundy Asset Management Ltd. acquired a new position in US Foods in the 1st quarter valued at $110,245,000. Jupiter Asset Management Ltd. purchased a new position in US Foods in the 1st quarter valued at $91,087,000. AQR Capital Management LLC boosted its stake in US Foods by 120.3% during the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock worth $162,853,000 after purchasing an additional 1,385,521 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in US Foods by 21.8% during 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 during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein assumed coverage on shares of US Foods in a research report on Wednesday, October 22nd. They issued an “outperform” rating and a $95.00 target price for the company. Guggenheim upped their price objective on shares of US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, August 11th. UBS Group raised their target price on shares of US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. Wells Fargo & Company restated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $82.42.

US Foods Stock Performance

NYSE:USFD opened at $71.36 on Friday. The company’s 50-day moving average is $76.28 and its two-hundred day moving average is $76.54. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $85.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 1.04 and a beta of 1.34.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

US Foods 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.