New York State Teachers Retirement System Has $12.87 Million Stock Holdings in US Foods Holding Corp. $USFD

Key Points

• The New York State Teachers Retirement System increased its holdings in US Foods Holding Corp. by 4.3% during the second quarter, owning 167,123 shares valued at approximately $12.87 million.
• Analysts have shown confidence in US Foods, with multiple firms raising their price targets, most notably UBS increasing the target from $84 to $96, and the overall average rating for the stock is "Buy."
• US Foods reported a quarterly earnings per share of $1.19, beating expectations, and projected its FY 2025 guidance at 3.764-3.874 EPS.

New York State Teachers Retirement System grew its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,123 shares of the company's stock after acquiring an additional 6,855 shares during the quarter. New York State Teachers Retirement System owned 0.07% of US Foods worth $12,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in USFD. Caitong International Asset Management Co. Ltd bought a new stake in shares of US Foods during the 1st quarter worth approximately $31,000. V Square Quantitative Management LLC grew its holdings in shares of US Foods by 58.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 541 shares of the company's stock worth $42,000 after purchasing an additional 200 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of US Foods by 487.2% during the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after purchasing an additional 726 shares in the last quarter. Signaturefd LLC grew its holdings in shares of US Foods by 19.7% during the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after purchasing an additional 214 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its stake in US Foods by 1,474.0% in the second quarter. Rosenberg Matthew Hamilton now owns 1,149 shares of the company's stock valued at $88,000 after buying an additional 1,076 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on USFD shares. UBS Group raised their price objective on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Wells Fargo & Company restated an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of US Foods in a research report on Friday, August 8th. Guggenheim lifted their price target on shares of US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Morgan Stanley restated an "overweight" rating and set a $89.00 price objective (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price objective on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, US Foods currently has an average rating of "Buy" and an average price target of $81.27.

US Foods Stock Performance

Shares of USFD opened at $76.17 on Friday. The firm has a market cap of $17.15 billion, a PE ratio of 32.55, a PEG ratio of 1.06 and a beta of 1.36. The stock's fifty day moving average price is $77.27 and its two-hundred day moving average price is $75.41. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current 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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