New York State Common Retirement Fund Reduces Holdings in US Foods Holding Corp. (NYSE:USFD)

New York State Common Retirement Fund reduced its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 8.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 100,068 shares of the company's stock after selling 9,000 shares during the quarter. New York State Common Retirement Fund's holdings in US Foods were worth $6,550,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of USFD. Colonial Trust Co SC acquired a new position in US Foods during the fourth quarter valued at $25,000. GeoWealth Management LLC lifted its stake in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares during the period. Legacy Investment Solutions LLC acquired a new stake in US Foods during the fourth quarter valued at $32,000. True Wealth Design LLC increased its holdings in US Foods by 153.6% in the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after buying an additional 298 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of US Foods by 487.2% in the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after acquiring an additional 726 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analyst Weigh In

USFD has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Guggenheim restated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. Wells Fargo & Company reiterated an "overweight" rating on shares of US Foods in a research report on Sunday, July 13th. UBS Group upped their price target on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $89.00 price objective (up from $84.00) on shares of US Foods in a research note on Monday, July 14th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $77.42.

Insiders Place Their Bets

In other news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the sale, the executive vice president owned 115,077 shares of the company's stock, valued at $8,630,775. This represents a 11.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

US Foods Price Performance

USFD stock opened at $83.13 on Monday. US Foods Holding Corp. has a 1 year low of $50.49 and a 1 year high of $84.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74. The firm has a market capitalization of $19.23 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 1.20 and a beta of 1.41. The business has a 50 day simple moving average of $77.61 and a 200-day simple moving average of $70.80.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a net margin of 1.38% and a return on equity of 15.58%. The company had revenue of $9.35 billion during the quarter, compared to analysts' expectations of $9.42 billion. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

US Foods Profile

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.

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