New York State Teachers Retirement System Cuts Stake in US Foods Holding Corp. (NYSE:USFD)

New York State Teachers Retirement System lessened its position in US Foods Holding Corp. (NYSE:USFD) by 0.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 143,094 shares of the company’s stock after selling 606 shares during the period. New York State Teachers Retirement System’s holdings in US Foods were worth $6,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in US Foods by 67.4% in the 1st quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock valued at $26,000 after purchasing an additional 285 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of US Foods in the fourth quarter valued at approximately $30,000. KB Financial Partners LLC purchased a new stake in shares of US Foods in the first quarter valued at approximately $34,000. Money Concepts Capital Corp purchased a new position in US Foods in the fourth quarter worth $46,000. Finally, Fifth Third Bancorp raised its position in US Foods by 36.1% in 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 in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP David A. Rickard sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was 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 approximately $7,802,423.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

US Foods Stock Down 2.9 %

USFD opened at $50.56 on Friday. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $54.94. The firm has a market cap of $12.40 billion, a P/E ratio of 25.03, a PEG ratio of 0.87 and a beta of 1.58. The business’s fifty day simple moving average is $51.37 and its 200 day simple moving average is $45.64. 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) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The business had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. As a group, equities research analysts anticipate that US Foods Holding Corp. will post 2.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

USFD has been the subject of several recent analyst reports. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Morgan Stanley boosted their price target on US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets raised their price objective on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Truist Financial lifted their price objective on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Piper Sandler raised US Foods from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, US Foods has an average rating of “Buy” and a consensus target price of $54.92.

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.