Emerald Acquisition Ltd. purchased a new stake in shares of US Foods (NASDAQ:USFD) during the second quarter, Holdings Channel reports. The firm purchased 162,615 shares of the company’s stock, valued at approximately $3,938,000. Emerald Acquisition Ltd. owned approximately 0.10% of US Foods at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in US Foods during the second quarter valued at $149,000. California State Teachers Retirement System bought a new stake in US Foods during the second quarter valued at $2,286,000. Bank of New York Mellon Corp bought a new stake in US Foods during the second quarter valued at $1,692,000. Quantitative Systematic Strategies LLC bought a new stake in US Foods during the second quarter valued at $233,000. Finally, Rice Hall James & Associates LLC bought a new stake in US Foods during the second quarter valued at $1,637,000.

Shares of US Foods (NASDAQ:USFD) traded up 0.13% on Tuesday, reaching $23.15. The company’s stock had a trading volume of 1,116,340 shares. The firm’s market cap is $5.11 billion. The company’s 50 day moving average is $24.08 and its 200-day moving average is $24.40. US Foods has a 1-year low of $22.51 and a 1-year high of $25.83.

US Foods (NASDAQ:USFD) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.42. The business earned $5.81 million during the quarter, compared to the consensus estimate of $5.84 million. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts expect that US Foods will post $1.29 EPS for the current year.

Several research firms recently weighed in on USFD. Zacks Investment Research upgraded US Foods from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, August 23rd. Bank of America Corp. began coverage on US Foods in a report on Monday, June 20th. They issued a “buy” rating and a $29.00 target price for the company. Credit Suisse Group AG began coverage on US Foods in a report on Monday, June 20th. They issued an “outperform” rating and a $29.00 target price for the company. Deutsche Bank AG began coverage on US Foods in a report on Monday, June 20th. They issued a “buy” rating and a $28.00 target price for the company. Finally, Morgan Stanley began coverage on US Foods in a report on Monday, June 20th. They issued an “equal weight” rating and a $28.00 target price for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.45.

About US Foods

US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice customers across the United States. The Company serves various customers, which include national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.

5 Day Chart for NASDAQ:USFD

Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods (NASDAQ:USFD).

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with Analyst Ratings Network's FREE daily email newsletter.