New York State Teachers Retirement System Increases Stock Position in US Foods Holding Corp. (NYSE:USFD)

New York State Teachers Retirement System grew its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,268 shares of the company's stock after acquiring an additional 15,105 shares during the period. New York State Teachers Retirement System owned 0.07% of US Foods worth $10,491,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. KBC Group NV raised its position in shares of US Foods by 11.7% during the 1st quarter. KBC Group NV now owns 10,023 shares of the company's stock valued at $656,000 after purchasing an additional 1,052 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of US Foods by 14.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after purchasing an additional 1,200 shares during the period. Highland Capital Management LLC raised its position in shares of US Foods by 25.4% during the 1st quarter. Highland Capital Management LLC now owns 4,781 shares of the company's stock valued at $313,000 after purchasing an additional 969 shares during the period. Artemis Investment Management LLP raised its position in shares of US Foods by 30.8% during the 1st quarter. Artemis Investment Management LLP now owns 466,238 shares of the company's stock valued at $30,520,000 after purchasing an additional 109,720 shares during the period. Finally, Moran Wealth Management LLC bought a new stake in shares of US Foods during the 1st quarter valued at $6,896,000. 98.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 115,077 shares in the company, valued at $8,630,775. The trade was a 11.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Morgan Stanley raised their target price on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Barclays lifted their price objective on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Guggenheim reissued a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Finally, Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $77.00.

US Foods Stock Performance

NYSE:USFD traded up $0.38 during trading hours on Monday, hitting $78.80. 1,664,814 shares of the company were exchanged, compared to its average volume of 2,012,765. The stock has a market capitalization of $18.23 billion, a price-to-earnings ratio of 36.15, a PEG ratio of 1.13 and a beta of 1.41. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $79.64. 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 company's 50 day moving average price is $75.23 and its 200-day moving average price is $69.96.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.68 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 business had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The business's revenue was up 4.5% on a year-over-year basis. As a group, research analysts forecast 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.