Cookson Peirce & Co. Inc. Has $35.53 Million Stock Holdings in US Foods Holding Corp. $USFD

Cookson Peirce & Co. Inc. decreased its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 1.8% in the 2nd quarter, Holdings Channel reports. The fund owned 461,374 shares of the company’s stock after selling 8,349 shares during the quarter. US Foods accounts for approximately 1.6% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 22nd biggest position. Cookson Peirce & Co. Inc.’s holdings in US Foods were worth $35,530,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in USFD. Boston Partners increased its position in shares of US Foods by 29.1% during the first quarter. Boston Partners now owns 16,457,351 shares of the company’s stock worth $1,076,225,000 after acquiring an additional 3,713,345 shares in the last quarter. Burgundy Asset Management Ltd. bought a new stake in shares of US Foods during the first quarter worth $110,245,000. Jupiter Asset Management Ltd. bought a new stake in shares of US Foods during the first quarter worth $91,087,000. AQR Capital Management LLC increased its position in shares of US Foods by 120.3% during the first quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock worth $162,853,000 after acquiring an additional 1,385,521 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of US Foods by 21.8% during the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock worth $493,964,000 after acquiring an additional 1,350,034 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on USFD shares. JPMorgan Chase & Co. increased their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 25th. Piper Sandler increased their price objective on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. UBS Group increased their price objective on shares of US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $87.00 target price (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of US Foods in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $82.42.

US Foods Stock Performance

Shares of USFD opened at $76.25 on Wednesday. The firm has a 50-day moving average of $77.18 and a 200-day moving average of $75.58. US Foods Holding Corp. has a one year low of $57.36 and a one year high of $85.11. The company has a market cap of $17.17 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 1.07 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) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $10.17 billion. During the same quarter last year, the firm posted $0.93 EPS. The company’s quarterly revenue was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share 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.