Thu Sep 26 14:12:52 UTC 2024: ## US Foods Holding Corp. (USFD) Sees Increased Interest from Institutional Investors
**New York, NY – September 26, 2024** – US Foods Holding Corp. (NYSE: USFD), a leading food distributor, is attracting attention from institutional investors and hedge funds. Pacer Advisors Inc. significantly increased its position in US Foods during the second quarter, acquiring an additional 8,024 shares, bringing its total stake to 47,874 shares.
This move follows a trend of increased interest from other financial institutions. GAMMA Investing LLC, Davis Investment Partners LLC, Mount Yale Investment Advisors LLC, OLD National Bancorp IN, and US Bancorp DE all boosted their holdings in US Foods during the first or second quarters of 2024. In total, institutional investors and hedge funds now own 98.76% of the company’s stock.
Analysts are also bullish on US Foods. Several brokerage firms recently raised their price targets for the company, including Piper Sandler, Truist Financial, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, and Wells Fargo & Company. The consensus among analysts is a “Buy” rating, with an average target price of $66.82.
US Foods’ recent earnings report, released on August 8th, showed strong results. The company exceeded analysts’ expectations, reporting $0.93 earnings per share (EPS) and revenue of $9.71 billion for the quarter. Equities analysts anticipate that US Foods will post 2.9 EPS for the current year.
Despite positive developments, US Foods CFO Dirk J. Locascio sold 10,000 shares of the company’s stock on September 12th, bringing his total holdings to 88,563 shares.
Overall, the recent activity suggests a positive outlook for US Foods. Institutional investors are increasing their stakes in the company, analysts are optimistic, and the company is showing strong financial performance.
First Piper 