New Mexico Educational Retirement Board Grows Stock Position in US Foods Holding Corp. (NYSE:USFD)

New Mexico Educational Retirement Board raised its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,736 shares of the company's stock after purchasing an additional 4,936 shares during the quarter. New Mexico Educational Retirement Board's holdings in US Foods were worth $3,355,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board lifted its stake in US Foods by 100.2% in the third quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company's stock worth $369,000 after acquiring an additional 2,500,000 shares during the period. Wellington Management Group LLP boosted its stake in shares of US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company's stock valued at $744,548,000 after purchasing an additional 2,435,357 shares in the last quarter. Congress Asset Management Co. purchased a new position in shares of US Foods during the third quarter valued at about $121,196,000. State Street Corp raised its stake in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after buying an additional 316,061 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in US Foods by 4.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company's stock worth $420,781,000 after buying an additional 291,016 shares during the period. Institutional investors own 98.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Morgan Stanley upped their target price on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Melius assumed coverage on shares of US Foods in a report on Wednesday, December 18th. They set a "buy" rating and a $12.00 target price on the stock. Jefferies Financial Group upped their target price on shares of US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, Truist Financial lifted their price target on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One research 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. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $70.33.

US Foods Stock Up 1.0 %

USFD stock traded up $0.71 during midday trading on Wednesday, hitting $71.56. The company's stock had a trading volume of 2,627,162 shares, compared to its average volume of 2,032,781. The firm's 50-day moving average is $69.05 and its 200-day moving average is $64.30. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 12 month low of $49.64 and a 12 month high of $73.00. The company has a market cap of $16.49 billion, a PE ratio of 35.42, a P/E/G ratio of 0.96 and a beta of 1.67.

US Foods (NYSE:USFD - Get Free Report) last posted its earnings results 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). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.61 earnings per share for the current fiscal year.

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.