New York State Teachers Retirement System boosted its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,268 shares of the company's stock after purchasing an additional 15,105 shares during the quarter. New York State Teachers Retirement System owned 0.07% of US Foods worth $10,491,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of USFD. Boston Partners raised its position in shares of US Foods by 0.6% during the fourth quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after buying an additional 77,012 shares during the last quarter. JPMorgan Chase & Co. increased its stake in US Foods by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after acquiring an additional 292,404 shares during the period. Norges Bank acquired a new position in US Foods in the 4th quarter valued at approximately $211,300,000. Artisan Partners Limited Partnership bought a new stake in shares of US Foods in the 4th quarter worth approximately $171,107,000. Finally, Ameriprise Financial Inc. lifted its position in shares of US Foods by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock worth $144,119,000 after acquiring an additional 36,307 shares during the period. 98.76% of the stock is owned by institutional investors.
Insider Activity at US Foods
In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction dated 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 of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company's stock.
US Foods Price Performance
USFD stock traded up $0.69 during trading on Friday, hitting $78.42. 858,449 shares of the stock traded hands, compared to its average volume of 2,015,503. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. The stock has a market cap of $18.14 billion, a price-to-earnings ratio of 35.97, a P/E/G ratio of 1.12 and a beta of 1.41. US Foods Holding Corp. has a one year low of $50.05 and a one year high of $79.64. The company has a 50 day simple moving average of $74.67 and a 200 day simple moving average of $69.77.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The firm had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a net margin of 1.38% and a return on equity of 15.58%. The business's revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Equities analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently commented on USFD. Citigroup initiated coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price for the company. Barclays boosted their price target on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Morgan Stanley raised their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. UBS Group lifted their target price on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Guggenheim reissued a "buy" rating and issued a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. 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 stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $77.00.
Check Out Our Latest Stock Report on US Foods
US Foods Profile
(
Free Report)
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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