US Foods Holding Corp. (NYSE:USFD) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 138.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,425 shares of the company's stock after purchasing an additional 37,425 shares during the quarter. State of Alaska Department of Revenue's holdings in US Foods were worth $2,925,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in USFD. NewEdge Advisors LLC raised its holdings in US Foods by 67.4% in the first quarter. NewEdge Advisors LLC now owns 708 shares of the company's stock worth $26,000 after purchasing an additional 285 shares in the last quarter. Janney Capital Management LLC increased its stake in US Foods by 2.7% during the 3rd quarter. Janney Capital Management LLC now owns 11,904 shares of the company's stock worth $473,000 after buying an additional 315 shares in the last quarter. Fifth Third Bancorp raised its stake in US Foods by 36.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,191 shares of the company's stock valued at $47,000 after purchasing an additional 316 shares during the last quarter. PAX Financial Group LLC boosted its position in US Foods by 2.5% during the third quarter. PAX Financial Group LLC now owns 15,099 shares of the company's stock worth $599,000 after acquiring an additional 372 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in US Foods by 2.6% during the first quarter. Raymond James Trust N.A. now owns 15,254 shares of the company's stock worth $574,000 after buying an additional 381 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of recent analyst reports. StockNews.com raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 23rd. BMO Capital Markets raised their price target on shares of US Foods from $50.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. JPMorgan Chase & Co. lifted their target price on US Foods from $50.00 to $52.00 and gave the company a "neutral" rating in a report on Tuesday, March 19th. BTIG Research increased their price target on US Foods from $52.00 to $62.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Finally, Truist Financial lifted their price target on shares of US Foods from $52.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods currently has an average rating of "Buy" and a consensus target price of $54.42.

US Foods Trading Down 6.8 %

Shares of NYSE USFD traded down $3.64 during midday trading on Thursday, hitting $49.93. The stock had a trading volume of 5,437,285 shares, compared to its average volume of 1,732,499. The company has a fifty day moving average price of $50.77 and a 200 day moving average price of $45.19. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 0.90 and a beta of 1.58. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $54.94. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). The company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. US Foods had a return on equity of 13.41% and a net margin of 1.42%. On average, analysts predict that US Foods Holding Corp. will post 2.91 earnings per share for the current year.

Insider Transactions at US Foods

In related news, EVP David A. Rickard sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the completion of the sale, the executive vice president now directly owns 148,561 shares in the company, valued at $7,802,423.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company's stock.

US Foods Company 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.