US Foods Holding Corp. (NYSE:USFD) Stock Holdings Increased by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 380,232 shares of the company’s stock after purchasing an additional 4,639 shares during the quarter. California Public Employees Retirement System owned approximately 0.16% of US Foods worth $16,730,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in USFD. Amalgamated Bank boosted its position in shares of US Foods by 95.8% during the first quarter. Amalgamated Bank now owns 140,636 shares of the company’s stock worth $5,195,000 after buying an additional 68,806 shares during the period. Bank of Montreal Can acquired a new stake in US Foods in the second quarter worth approximately $3,100,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in US Foods in the first quarter worth approximately $3,405,000. Oregon Public Employees Retirement Fund lifted its position in shares of US Foods by 9.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 65,473 shares of the company’s stock valued at $2,881,000 after acquiring an additional 5,750 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of US Foods by 21.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 66,200 shares of the company’s stock valued at $2,913,000 after acquiring an additional 11,900 shares during the last quarter. 98.69% of the stock is owned by institutional investors.

US Foods Stock Performance

NYSE USFD opened at $42.85 on Monday. The company’s 50 day moving average is $39.31 and its 200-day moving average is $40.71. US Foods Holding Corp. has a 12-month low of $33.61 and a 12-month high of $44.52. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.97. The firm has a market cap of $10.53 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 0.81 and a beta of 1.51.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of US Foods from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of US Foods in a report on Thursday, October 19th. They issued a “buy” rating and a $50.00 price target for the company. Morgan Stanley raised their price objective on shares of US Foods from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Truist Financial boosted their price objective on shares of US Foods from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Barclays lowered their price target on shares of US Foods from $51.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, October 23rd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, US Foods currently has a consensus rating of “Buy” and a consensus target price of $49.70.

US Foods Company Profile

US Foods Holding Corp., through its subsidiary, 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.