Ontario Teachers Pension Plan Board Acquires New Stake in US Foods Holding Corp. (NYSE:USFD)

Ontario Teachers Pension Plan Board acquired a new stake in US Foods Holding Corp. (NYSE:USFD) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 38,213 shares of the company’s stock, valued at approximately $2,062,000.

Several other institutional investors have also bought and sold shares of USFD. Victory Capital Management Inc. lifted its position in shares of US Foods by 98.2% during the fourth quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock worth $418,711,000 after acquiring an additional 4,569,002 shares in the last quarter. Norges Bank purchased a new stake in shares of US Foods in the fourth quarter worth $108,316,000. Vanguard Group Inc. increased its stake in US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after acquiring an additional 796,434 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of US Foods during the first quarter valued at about $22,937,000. Finally, Cookson Peirce & Co. Inc. bought a new position in shares of US Foods during the fourth quarter valued at about $18,555,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Stock Down 0.4 %

Shares of USFD traded down $0.20 during mid-day trading on Tuesday, reaching $52.17. The company had a trading volume of 5,351 shares, compared to its average volume of 1,749,413. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 0.85 and a beta of 1.62. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $55.98. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.31. The firm has a 50-day moving average price of $53.13 and a 200 day moving average price of $51.24.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.93 billion. US Foods had a net margin of 1.41% and a return on equity of 13.08%. On average, sell-side analysts forecast that US Foods Holding Corp. will post 2.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on USFD shares. Morgan Stanley raised their price objective on US Foods from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Truist Financial raised their price objective on US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Barclays raised their price objective on US Foods from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. raised their price objective on US Foods from $52.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up from $58.00) on shares of US Foods in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, US Foods currently has an average rating of “Buy” and an average target price of $62.00.

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.