State of New Jersey Common Pension Fund D Has $4.60 Million Stock Position in US Foods Holding Corp. $USFD

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in US Foods Holding Corp. by 8.4%, holding 70,331 shares worth approximately $4.6 million after selling 6,431 shares in the first quarter.
• Several hedge funds have adjusted their positions in US Foods, with Blue Trust Inc. increasing its stake by a remarkable 487.2% in the first quarter.
• The company reported earnings of $1.19 per share for the last quarter, beating estimates, though revenue fell short of expectations at $10.08 billion.

State of New Jersey Common Pension Fund D reduced its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,331 shares of the company's stock after selling 6,431 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in US Foods were worth $4,604,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of USFD. Boston Partners increased its holdings in US Foods by 29.1% in the first quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after buying an additional 3,713,345 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in US Foods in the first quarter worth approximately $91,087,000. Invesco Ltd. increased its holdings in US Foods by 21.8% in the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock worth $493,964,000 after buying an additional 1,350,034 shares during the last quarter. Primecap Management Co. CA increased its holdings in US Foods by 194.6% in the first quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock worth $127,084,000 after buying an additional 1,282,379 shares during the last quarter. Finally, Nuveen LLC acquired a new position in US Foods during the first quarter worth $52,117,000. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Price Performance

USFD traded up $0.6520 during midday trading on Friday, reaching $78.0320. 1,511,310 shares of the company's stock were exchanged, compared to its average volume of 2,586,399. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 33.35, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. US Foods Holding Corp. has a one year low of $56.47 and a one year high of $85.11. The business has a 50-day simple moving average of $79.66 and a two-hundred day simple moving average of $72.81.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Activity

In other news, EVP Dirk J. Locascio sold 7,500 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the transaction, the executive vice president owned 115,077 shares of the company's stock, valued at $9,206,160. The trade was a 6.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

USFD has been the topic of several analyst reports. Morgan Stanley reissued an "overweight" rating and set a $89.00 target price (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their target price on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Guggenheim increased their target price on shares of US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, Wells Fargo & Company reissued an "overweight" rating and set a $87.00 target price (up from $80.00) on shares of US Foods in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $80.55.

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.