Teacher Retirement System of Texas lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 56.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 194,414 shares of the company's stock after buying an additional 70,441 shares during the period. Teacher Retirement System of Texas owned 0.08% of US Foods worth $13,115,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama grew its stake in US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock worth $21,462,000 after buying an additional 17,897 shares during the last quarter. State Street Corp increased its holdings in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after acquiring an additional 316,061 shares during the period. Longbow Finance SA bought a new stake in US Foods in the 4th quarter valued at about $9,001,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of US Foods in the third quarter valued at approximately $1,141,000. Finally, Verition Fund Management LLC boosted its position in shares of US Foods by 14.6% during the third quarter. Verition Fund Management LLC now owns 885,606 shares of the company's stock worth $54,465,000 after buying an additional 112,701 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.
US Foods Stock Up 0.7 %
Shares of NYSE:USFD traded up $0.43 during midday trading on Wednesday, hitting $65.63. 1,529,144 shares of the stock were exchanged, compared to its average volume of 1,893,640. The company has a market capitalization of $15.12 billion, a PE ratio of 32.49, a P/E/G ratio of 1.03 and a beta of 1.65. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The business's fifty day simple moving average is $68.80 and its two-hundred day simple moving average is $66.34.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly 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 firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. As a group, research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. UBS Group lifted their target price on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Barclays raised their target price on shares of US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Jefferies Financial Group raised their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, December 16th. StockNews.com downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, Melius began coverage on US Foods in a research note on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price objective on the stock. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods has a consensus rating of "Buy" and an average price target of $71.09.
Check Out Our Latest Stock Analysis on USFD
Insider Transactions at US Foods
In related news, Director David W. Bullock bought 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by company insiders.
US Foods Profile
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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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