New York State Common Retirement Fund Has $7.36 Million Holdings in US Foods Holding Corp. (NYSE:USFD)

New York State Common Retirement Fund decreased its stake in US Foods Holding Corp. (NYSE:USFD) by 2.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 109,068 shares of the company’s stock after selling 2,700 shares during the period. New York State Common Retirement Fund’s holdings in US Foods were worth $7,358,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama increased its stake in shares of US Foods by 5.4% in the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock valued at $21,462,000 after acquiring an additional 17,897 shares during the last quarter. State Street Corp grew its holdings in US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after purchasing an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. increased its stake in US Foods by 121.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock valued at $3,164,000 after purchasing an additional 28,232 shares in the last quarter. Jag Capital Management LLC raised its holdings in US Foods by 3,175.1% in the third quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock worth $10,407,000 after purchasing an additional 164,060 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of US Foods during the third quarter worth $1,141,000. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Morgan Stanley upped their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Melius Research raised US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Barclays raised their price target on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Piper Sandler increased their target price on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $70.33.

US Foods Stock Performance

Shares of USFD stock opened at $70.50 on Thursday. The firm has a market cap of $16.24 billion, a PE ratio of 34.90, a P/E/G ratio of 1.03 and a beta of 1.67. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The company’s fifty day simple moving average is $69.32 and its 200-day simple moving average is $65.14. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

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.