5 Best Beef Stocks to Buy Now

3. US Foods Holding Corp. (NYSE:USFD)

Number of Hedge Fund Holders: 41

US Foods Holding Corp. (NYSE:USFD) engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Recent reports suggest that the company is set to acquire Renzi Foodservice, a family-owned distributor based in New York. The acquisition will expand US Foods’ presence in the Northeast and strengthen its capabilities in the region. Renzi Foodservice’s customers will benefit from US Foods’ broad product portfolio and advanced technology solutions. 

On May 12, Truist analyst Jake Bartlett maintained a Buy rating on US Foods Holding Corp. (NYSE:USFD) stock and raised the price target to $49 from $43, noting the Q1 earnings beat give the firm greater confidence in its operational improvements and market share gains. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Sachem Head Capital is a leading shareholder in US Foods Holding Corp. (NYSE:USFD) with 18 million shares worth more than $699 million.