Point72 Hong Kong Ltd Boosts Stock Position in US Foods Holding Corp (NYSE:USFD)

Point72 Hong Kong Ltd raised its holdings in US Foods Holding Corp (NYSE:USFD) by 133.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,676 shares of the company’s stock after buying an additional 8,378 shares during the quarter. Point72 Hong Kong Ltd’s holdings in US Foods were worth $525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CENTRAL TRUST Co purchased a new stake in US Foods in the 2nd quarter valued at about $76,000. Cutler Group LP grew its holdings in US Foods by 2,800.0% in the 1st quarter. Cutler Group LP now owns 2,900 shares of the company’s stock valued at $101,000 after buying an additional 2,800 shares during the period. Stevens First Principles Investment Advisors grew its holdings in US Foods by 14.3% in the 2nd quarter. Stevens First Principles Investment Advisors now owns 2,925 shares of the company’s stock valued at $105,000 after buying an additional 365 shares during the period. Barbara Oil Co. purchased a new stake in US Foods in the 1st quarter valued at about $209,000. Finally, Machina Capital S.A.S. grew its holdings in US Foods by 263.1% in the 2nd quarter. Machina Capital S.A.S. now owns 5,966 shares of the company’s stock valued at $213,000 after buying an additional 4,323 shares during the period. Institutional investors own 95.64% of the company’s stock.

Shares of NYSE:USFD traded up $0.32 during trading on Friday, reaching $42.81. 847,155 shares of the stock were exchanged, compared to its average volume of 1,818,945. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.80 and a current ratio of 1.37. US Foods Holding Corp has a 12-month low of $27.51 and a 12-month high of $43.10. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.23 and a beta of 0.49. The firm’s 50-day moving average price is $39.73 and its 200 day moving average price is $36.83.

US Foods (NYSE:USFD) last issued its earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $6.36 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that US Foods Holding Corp will post 2.24 EPS for the current year.

Several analysts have commented on USFD shares. Barclays lifted their price target on US Foods from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, September 12th. Buckingham Research lifted their price target on US Foods from $48.00 to $51.00 and gave the company a “buy” rating in a report on Thursday, September 12th. Zacks Investment Research cut US Foods from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Credit Suisse Group boosted their target price on US Foods from $42.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.57.

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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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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