California Public Employees Retirement System Buys 3,934 Shares of US Foods Holding Corp. (NYSE:USFD)

California Public Employees Retirement System grew its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 426,618 shares of the company’s stock after acquiring an additional 3,934 shares during the period. California Public Employees Retirement System’s holdings in US Foods were worth $19,373,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in USFD. Victory Capital Management Inc. increased its stake in shares of US Foods by 189.6% during the third quarter. Victory Capital Management Inc. now owns 4,651,686 shares of the company’s stock valued at $184,672,000 after buying an additional 3,045,213 shares during the period. Jupiter Asset Management Ltd. purchased a new position in US Foods in the third quarter valued at about $53,581,000. Thompson Siegel & Walmsley LLC grew its stake in US Foods by 273.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,007,387 shares of the company’s stock valued at $39,994,000 after purchasing an additional 737,381 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in US Foods in the fourth quarter valued at about $18,555,000. Finally, South Street Advisors LLC purchased a new position in US Foods in the third quarter valued at about $12,494,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction dated 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 owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on USFD. UBS Group upgraded US Foods from a “neutral” rating to a “buy” rating and lifted their target price for the company from $47.00 to $64.00 in a research note on Tuesday, February 20th. BMO Capital Markets lifted their target price on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. JPMorgan Chase & Co. lifted their target price on US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. Truist Financial boosted their price target on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, BTIG Research boosted their price target on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $54.92.

US Foods Trading Up 1.8 %

US Foods stock opened at $51.35 on Monday. 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 Holding Corp. has a 52 week low of $35.66 and a 52 week high of $54.94. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 25.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. The stock has a 50-day moving average price of $52.04 and a 200 day moving average price of $46.59.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. Sell-side analysts anticipate that US Foods Holding Corp. will post 2.9 EPS for the current year.

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.