Davidson Kempner Capital Management LP Grows Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Davidson Kempner Capital Management LP raised its holdings in US Foods Holding Corp. (NYSE:USFD) by 17.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,709,993 shares of the company’s stock after buying an additional 254,687 shares during the quarter. US Foods comprises 1.9% of Davidson Kempner Capital Management LP’s investment portfolio, making the stock its 13th largest position. Davidson Kempner Capital Management LP owned approximately 0.70% of US Foods worth $90,595,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Janney Montgomery Scott LLC boosted its holdings in shares of US Foods by 5.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,709 shares of the company’s stock valued at $850,000 after buying an additional 1,038 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of US Foods by 7.5% during the fourth quarter. Corient Private Wealth LLC now owns 50,119 shares of the company’s stock valued at $2,276,000 after purchasing an additional 3,479 shares in the last quarter. SageView Advisory Group LLC boosted its position in shares of US Foods by 27.0% in the 4th quarter. SageView Advisory Group LLC now owns 6,399 shares of the company’s stock worth $299,000 after purchasing an additional 1,361 shares in the last quarter. United Services Automobile Association grew its stake in shares of US Foods by 15.5% in the 4th quarter. United Services Automobile Association now owns 17,725 shares of the company’s stock worth $805,000 after buying an additional 2,379 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in US Foods by 164.6% during the 4th quarter. Allianz Asset Management GmbH now owns 60,772 shares of the company’s stock valued at $2,760,000 after buying an additional 37,806 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

US Foods Stock Down 0.6 %

USFD opened at $61.58 on Monday. US Foods Holding Corp. has a twelve month low of $35.66 and a twelve month high of $62.34. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average price of $56.07 and a 200-day moving average price of $53.93. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 1.00 and a beta of 1.66.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Piper Sandler increased their target price on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research note on Friday, June 7th. Truist Financial increased their price objective 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. Wells Fargo & Company lifted their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. One investment 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 company presently has a consensus rating of “Buy” and an average price target of $66.40.

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.