US Foods Holding Corp. (NYSE:USFD) Stock Holdings Increased by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 10.4% during the first quarter, Holdings Channel reports. The firm 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’s holdings in US Foods were worth $10,491,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of USFD. Norges Bank purchased a new stake in US Foods in the 4th quarter worth about $211,300,000. Artisan Partners Limited Partnership bought a new stake in shares of US Foods during the 4th quarter worth about $171,107,000. Raymond James Financial Inc. acquired a new position in US Foods during the fourth quarter valued at approximately $48,611,000. AQR Capital Management LLC raised its holdings in US Foods by 133.8% in the 4th quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company’s stock worth $77,708,000 after acquiring an additional 659,283 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of US Foods by 307.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock worth $43,145,000 after purchasing an additional 482,461 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Trading Up 0.9%

USFD opened at $78.42 on Friday. US Foods Holding Corp. has a twelve month low of $50.05 and a twelve month high of $79.64. The firm has a market cap of $18.14 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.41. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17. The firm’s fifty day moving average is $74.67 and its two-hundred day moving average is $69.77.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (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 during the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. US Foods’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analyst Weigh In

USFD has been the subject of several research analyst reports. Citigroup began coverage on shares of US Foods in a research note on Thursday, May 22nd. They set a “buy” rating and a $95.00 target price for the company. Guggenheim reiterated a “buy” rating and issued a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. Wall Street Zen raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 24th. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, June 25th. Finally, Barclays boosted their target price on US Foods from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $77.00.

Insider Activity

In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction that occurred 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 sale, the executive vice president owned 115,077 shares of the company’s stock, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.