Published on 10 Dec 2021 on Insider Monkey via Yahoo Finance
US Foods Holding Corp. (USFD) Fell Out Of Favor With Hedge Funds
In this article you are going to find out whether hedge funds think US Foods Holding Corp. (NYSE:USFD) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after adjusting for known risk attributes. It's not surprising given that hedge funds have access to better information and more resources to predict the winners in the stock market.
US Foods Holding Corp. (NYSE:USFD) shareholders have witnessed a decrease in enthusiasm from smart money lately. US Foods Holding Corp. (NYSE:USFD) was in 29 hedge funds' portfolios at the end of September. The all time high for this statistic is 49. Our calculations also showed that USFD isn't among the 30 most popular stocks among hedge funds (click for Q3 rankings).
At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Keeping this in mind we're going to take a look at the fresh hedge fund action surrounding US Foods Holding Corp. (NYSE:USFD).