Retirement Systems of Alabama Purchases 157,474 Shares of US Foods Holding Corp. (NYSE:USFD)

Retirement Systems of Alabama raised its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 45.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 506,453 shares of the company's stock after buying an additional 157,474 shares during the quarter. Retirement Systems of Alabama owned about 0.22% of US Foods worth $34,165,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its stake in US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after acquiring an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of US Foods by 121.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company's stock valued at $3,164,000 after purchasing an additional 28,232 shares during the period. Jag Capital Management LLC lifted its stake in shares of US Foods by 3,175.1% during the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company's stock valued at $10,407,000 after buying an additional 164,060 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in US Foods by 72.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company's stock worth $40,000 after buying an additional 275 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in US Foods in the 3rd quarter valued at approximately $1,141,000. Institutional investors own 98.76% of the company's stock.

US Foods Price Performance

Shares of NYSE USFD traded down $0.61 during mid-day trading on Friday, reaching $70.31. 2,088,682 shares of the company were exchanged, compared to its average volume of 1,682,029. US Foods Holding Corp. has a 52 week low of $45.24 and a 52 week high of $73.00. The company's 50 day moving average price is $69.11 and its 200 day moving average price is $63.41. The stock has a market capitalization of $16.38 billion, a PE ratio of 30.18, a PEG ratio of 0.95 and a beta of 1.67. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01.

Analysts Set New Price Targets

Several equities research analysts have issued reports on USFD shares. Melius Research upgraded US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. 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 started coverage on US Foods in a report on Wednesday, December 18th. They set a "buy" rating and a $12.00 target price for the company. Morgan Stanley increased their price target on shares of US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Finally, Truist Financial boosted their price objective on shares of US Foods from $74.00 to $78.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, US Foods currently has a consensus rating of "Buy" and an average price target of $68.92.

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.