New York State Common Retirement Fund Has $7.36 Million Holdings in US Foods Holding Corp. (NYSE:USFD)

New York State Common Retirement Fund trimmed its holdings in US Foods Holding Corp. (NYSE:USFD) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,068 shares of the company’s stock after selling 2,700 shares during the quarter. New York State Common Retirement Fund’s holdings in US Foods were worth $7,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Legacy Wealth Asset Management LLC raised its stake in shares of US Foods by 4.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock valued at $279,000 after buying an additional 160 shares in the last quarter. Bank of Montreal Can boosted its position in shares of US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after acquiring an additional 171 shares in the last quarter. First Horizon Advisors Inc. increased its stake in US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after acquiring an additional 202 shares during the period. Allspring Global Investments Holdings LLC raised its position in US Foods by 2.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock worth $588,000 after purchasing an additional 206 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in US Foods by 3.3% during the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock worth $436,000 after purchasing an additional 226 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity at US Foods

In other US Foods news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The shares were bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. UBS Group upped their price objective on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Morgan Stanley increased their price objective on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Melius initiated coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company. Barclays upped their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Jefferies Financial Group lifted their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $70.33.

US Foods Price Performance

Shares of USFD stock opened at $70.50 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of 34.90, a PEG ratio of 1.03 and a beta of 1.67. The firm’s 50 day moving average is $69.32 and its 200-day moving average is $65.14. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Sell-side analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal 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.