State of Alaska Department of Revenue Increases Holdings in US Foods Holding Corp. (NYSE:USFD)

State of Alaska Department of Revenue lifted its position in US Foods Holding Corp. (NYSE:USFDFree Report) by 138.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & 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 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of US Foods in the fourth quarter worth about $30,000. NewEdge Advisors LLC raised its stake in shares of 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 during the last quarter. KB Financial Partners LLC acquired a new stake in US Foods during the first quarter worth about $34,000. Anchor Investment Management LLC acquired a new stake in US Foods during the fourth quarter worth about $47,000. Finally, Fifth Third Bancorp grew its holdings in US Foods by 36.1% during the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock worth $47,000 after acquiring an additional 316 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the sale, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on USFD. BTIG Research raised their target price on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Truist Financial raised their price objective on US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Piper Sandler raised US Foods from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. Finally, UBS Group raised US Foods from a “neutral” rating to a “buy” rating and raised their price objective for the company from $47.00 to $64.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $54.42.

Read Our Latest Stock Report on USFD

US Foods Stock Performance

Shares of NYSE:USFD opened at $53.57 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78. The business’s 50 day moving average price is $50.68 and its 200-day moving average price is $45.15. The firm has a market capitalization of $13.12 billion, a PE ratio of 26.52, a P/E/G ratio of 0.91 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.

US Foods (NYSE:USFDGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The firm had revenue of $8.94 billion during 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%. As a group, equities research analysts expect that US Foods Holding Corp. will post 2.91 earnings per share for the current fiscal year.

US Foods Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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