Sun Sep 15 10:46:52 UTC 2024: ## Quest Partners LLC Increases US Foods Holding Corp. Stake Amid Positive Analyst Sentiment
**New York, NY – September 15, 2024** – Quest Partners LLC significantly boosted its holdings in US Foods Holding Corp. (NYSE: USFD) during the second quarter, according to a recent SEC filing. The firm purchased an additional 4,722 shares, resulting in a 26,233.3% increase in its stake and a total ownership of 4,740 shares worth $251,000.
This move by Quest Partners LLC comes as several other institutional investors have also been increasing their positions in US Foods. GAMMA Investing LLC, Davis Investment Partners LLC, Mount Yale Investment Advisors LLC, OLD National Bancorp IN, and US Bancorp DE all saw notable increases in their holdings during recent quarters. This strong institutional interest suggests a positive outlook on the company’s future performance.
Adding to the optimistic sentiment, analysts have also been issuing positive reports on USFD. Piper Sandler, Truist Financial, Wells Fargo & Company, Deutsche Bank Aktiengesellschaft, and JPMorgan Chase & Co. have all raised their price targets on the stock, with most maintaining a “buy” rating. This collective positive outlook from analysts suggests a strong belief in US Foods’ growth potential.
US Foods recently reported strong second-quarter earnings, beating analysts’ expectations with $0.93 earnings per share and $9.71 billion in revenue. The company’s revenue growth of 7.7% compared to the previous year further strengthens the bullish sentiment surrounding the stock.
With a robust institutional presence, favorable analyst opinions, and strong recent financial performance, US Foods Holding Corp. appears well-positioned for continued success in the foodservice sector. Investors will be watching closely to see if this positive momentum continues in the coming months.
First Piper 