State of Michigan Retirement System Increases Stock Position in US Foods Holding Corp. (NYSE:USFD)

State of Michigan Retirement System lifted its holdings in US Foods Holding Corp. (NYSE:USFD) by 2.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 55,500 shares of the company’s stock after purchasing an additional 1,200 shares during the period. State of Michigan Retirement System’s holdings in US Foods were worth $2,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in US Foods during the first quarter valued at approximately $30,000. Blue Trust Inc. purchased a new stake in US Foods during the fourth quarter valued at approximately $30,000. GAMMA Investing LLC purchased a new stake in US Foods during the fourth quarter valued at approximately $41,000. Anchor Investment Management LLC purchased a new stake in US Foods during the fourth quarter valued at approximately $47,000. Finally, Quarry LP purchased a new stake in US Foods during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

USFD has been the subject of a number of analyst reports. Piper Sandler increased their target price on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Morgan Stanley upped their price target on shares of US Foods from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Truist Financial upped their price target on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Wells Fargo & Company upped their price target on shares of US Foods from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Finally, Barclays upped their price target on shares of US Foods from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, US Foods has a consensus rating of “Buy” and a consensus target price of $62.00.

US Foods Stock Up 0.4 %

NYSE:USFD opened at $53.06 on Thursday. The firm has a market capitalization of $13.05 billion, a P/E ratio of 26.14, a PEG ratio of 0.87 and a beta of 1.62. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $55.98. The company’s fifty day moving average price is $53.13 and its 200-day moving average price is $50.56. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.31 and a quick ratio of 0.81.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The business had revenue of $8.95 billion during the quarter, compared to analyst estimates of $8.93 billion. US Foods had a return on equity of 13.08% and a net margin of 1.41%. As a group, equities research analysts anticipate that US Foods Holding Corp. will post 2.92 EPS for the current year.

About US Foods

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.