Teacher Retirement System of Texas Sells 84,590 Shares of US Foods Holding Corp. (NYSE:USFD)

Teacher Retirement System of Texas decreased its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 43.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,824 shares of the company's stock after selling 84,590 shares during the period. Teacher Retirement System of Texas' holdings in US Foods were worth $7,189,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of USFD. Colonial Trust Co SC bought a new position in US Foods during the fourth quarter worth about $25,000. GeoWealth Management LLC grew its holdings in US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the period. Legacy Investment Solutions LLC bought a new position in US Foods during the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC grew its holdings in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after purchasing an additional 178 shares during the period. Finally, True Wealth Design LLC grew its holdings in US Foods by 153.6% during the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock worth $33,000 after purchasing an additional 298 shares during the period. Institutional investors own 98.76% of the company's stock.

Insider Activity at US Foods

In other news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $8,630,775. This represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Citigroup assumed coverage on US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective for the company. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. boosted their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Finally, UBS Group boosted their price objective on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $77.00.

US Foods Price Performance

NYSE USFD traded down $0.23 on Tuesday, hitting $78.55. 508,065 shares of the company's stock were exchanged, compared to its average volume of 2,006,853. The stock has a 50-day moving average of $75.23 and a 200-day moving average of $69.96. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $80.12. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of 36.03, a P/E/G ratio of 1.13 and a beta of 1.41.

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