State of New Jersey Common Pension Fund D Sells 50,295 Shares of US Foods Holding Corp. (NYSE:USFD)

State of New Jersey Common Pension Fund D decreased its position in US Foods Holding Corp. (NYSE:USFD) by 39.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,762 shares of the company’s stock after selling 50,295 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in US Foods were worth $4,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after acquiring an additional 796,434 shares during the last quarter. Boston Partners raised its holdings in US Foods by 3.5% during the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after buying an additional 566,277 shares during the period. Victory Capital Management Inc. raised its holdings in US Foods by 5.1% during the 2nd quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock valued at $550,111,000 after buying an additional 500,129 shares during the period. Dorsal Capital Management LP raised its holdings in US Foods by 2.0% during the 4th quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock valued at $227,050,000 after buying an additional 100,000 shares during the period. Finally, Bessemer Group Inc. raised its holdings in US Foods by 1.7% during the 1st quarter. Bessemer Group Inc. now owns 4,454,515 shares of the company’s stock valued at $240,409,000 after buying an additional 75,132 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Price Performance

USFD opened at $61.01 on Tuesday. US Foods Holding Corp. has a 12-month low of $35.66 and a 12-month high of $61.11. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The business’s fifty day simple moving average is $55.25 and its 200-day simple moving average is $53.66. The company has a market capitalization of $14.92 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 0.97 and a beta of 1.66.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The business had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts anticipate that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Insider Activity at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at $5,132,225.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

USFD has been the topic of several recent research reports. Truist Financial increased their price target on US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 6th. JPMorgan Chase & Co. increased their price target on US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company increased their price target on US Foods from $63.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. Piper Sandler upped their price objective on US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, June 7th. Finally, StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, US Foods currently has an average rating of “Moderate Buy” and a consensus price target of $65.50.

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.