DAVENPORT & Co LLC Has $1.51 Million Stock Position in US Foods Holding Corp. $USFD

Key Points

• DAVENPORT & Co LLC reduced its stake in US Foods Holding Corp. by 22.3%, holding 19,557 shares valued at approximately $1.51 million as of the end of the second quarter.
• Several hedge funds increased their positions in US Foods, with AQR Capital Management boosting its stake by 120.3% during the first quarter.
• US Foods' latest quarterly earnings surpassed expectations, reporting $1.19 EPS, and the company anticipates a future EPS of 3.764-3.874 for FY 2025.

DAVENPORT & Co LLC lowered its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 22.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,557 shares of the company's stock after selling 5,615 shares during the quarter. DAVENPORT & Co LLC's holdings in US Foods were worth $1,506,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in USFD. Boston Partners increased its position in shares of US Foods by 29.1% during the 1st quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after purchasing an additional 3,713,345 shares in the last quarter. Burgundy Asset Management Ltd. acquired a new stake in US Foods in the 1st quarter valued at about $110,245,000. Jupiter Asset Management Ltd. acquired a new stake in US Foods in the 1st quarter valued at about $91,087,000. AQR Capital Management LLC increased its position 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 acquiring an additional 1,385,521 shares in the last quarter. Finally, Invesco Ltd. increased its position in US Foods by 21.8% in the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after acquiring an additional 1,350,034 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on USFD shares. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Weiss Ratings restated a "buy (b)" rating on shares of US Foods in a research report on Saturday, September 27th. Wells Fargo & Company restated an "overweight" rating and issued a $87.00 price objective (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. UBS Group raised their price objective on shares of US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $81.27.

US Foods Stock Down 1.0%

US Foods stock opened at $75.26 on Friday. The company's 50 day simple moving average is $78.03 and its 200 day simple moving average is $74.91. US Foods Holding Corp. has a fifty-two week low of $57.36 and a fifty-two week high of $85.11. The firm has a market capitalization of $16.95 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.06 and a beta of 1.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. During the same quarter last year, the firm earned $0.93 EPS. US Foods's quarterly revenue was up 3.8% compared to the same quarter last year. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

About US Foods

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.

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