US Foods Holding Corp. (NYSE:USFD) Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,383,374 shares of the company’s stock after acquiring an additional 500,129 shares during the period. US Foods accounts for 0.6% of Victory Capital Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Victory Capital Management Inc. owned 4.22% of US Foods worth $550,111,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new stake in US Foods in the first quarter valued at approximately $27,000. International Assets Investment Management LLC acquired a new stake in shares of US Foods in the 2nd quarter valued at $30,000. Rise Advisors LLC bought a new stake in US Foods in the first quarter worth $30,000. Headlands Technologies LLC acquired a new position in US Foods during the first quarter worth $50,000. Finally, GAMMA Investing LLC raised its holdings in US Foods by 23.5% during the first quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock valued at $59,000 after buying an additional 207 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on USFD shares. Barclays increased their price objective on US Foods from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Truist Financial lifted their price target on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research report 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 report on Friday, May 10th. Wells Fargo & Company lifted their target price on shares of US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. Finally, UBS Group raised their price target on US Foods from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $64.70.

US Foods Stock Performance

NYSE USFD opened at $58.50 on Friday. The company’s fifty day moving average is $54.42 and its two-hundred day moving average is $53.24. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $59.79. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The firm has a market capitalization of $14.38 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 0.97 and a beta of 1.62.

US Foods (NYSE:USFD) last released its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The business had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that US Foods Holding Corp. will post 2.9 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.