Texas Permanent School Fund Corp trimmed its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 14.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,293 shares of the company's stock after selling 28,661 shares during the period. Texas Permanent School Fund Corp owned 0.07% of US Foods worth $8,969,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of USFD. Acadian Asset Management LLC acquired a new position in US Foods in the second quarter valued at $25,000. Redmont Wealth Advisors LLC purchased a new stake in shares of US Foods during the first quarter worth $27,000. Rise Advisors LLC purchased a new position in US Foods during the first quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in shares of US Foods in the 2nd quarter valued at about $30,000. Finally, Headlands Technologies LLC bought a new position in shares of US Foods during the 1st quarter valued at about $50,000. 98.76% of the stock is owned by institutional investors.
US Foods Stock Performance
Shares of USFD traded up $0.52 during midday trading on Wednesday, hitting $58.00. 1,705,853 shares of the stock traded hands, compared to its average volume of 1,804,827. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $59.79. The business's 50 day moving average price is $54.69 and its two-hundred day moving average price is $53.43. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29. The firm has a market capitalization of $14.18 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 0.94 and a beta of 1.66.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The firm had revenue of $9.71 billion during the quarter, compared to analysts' expectations of $9.62 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The company's revenue was up 7.7% compared to the same quarter last year. Equities research analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on USFD. Piper Sandler upped their price objective on shares of US Foods from $59.00 to $61.00 and gave the stock an "overweight" rating in a report on Friday, June 7th. Truist Financial increased their price target on 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 boosted their price objective on shares of US Foods from $63.00 to $66.00 and gave the company an "overweight" rating in a research report on Thursday, June 6th. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $64.70.
View Our Latest Stock Analysis on US Foods
US Foods Company Profile
(
Free Report)
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.
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