US Foods Holding Corp. (NYSE:USFD) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in shares of US Foods Holding Corp. (NYSE:USFD) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 331,082 shares of the company’s stock after selling 4,847 shares during the quarter. Retirement Systems of Alabama owned approximately 0.13% of US Foods worth $17,541,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in USFD. International Assets Investment Management LLC increased its holdings in shares of US Foods by 4,441.0% in the fourth quarter. International Assets Investment Management LLC now owns 25,339 shares of the company’s stock valued at $1,151,000 after purchasing an additional 24,781 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of US Foods by 41.4% in the fourth quarter. Handelsbanken Fonder AB now owns 42,341 shares of the company’s stock valued at $1,923,000 after purchasing an additional 12,400 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of US Foods by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 426,618 shares of the company’s stock valued at $19,373,000 after purchasing an additional 3,934 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of US Foods by 15.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 91,720 shares of the company’s stock valued at $4,165,000 after purchasing an additional 12,333 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of US Foods in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Trading Up 0.7 %

NYSE USFD opened at $58.78 on Friday. 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 cap of $14.45 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 0.94 and a beta of 1.62. The firm has a 50 day simple moving average of $53.49 and a 200-day simple moving average of $52.56. US Foods Holding Corp. has a one year low of $35.66 and a one year high of $58.85.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter last year, the company posted $0.73 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that US Foods Holding Corp. will post 2.92 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $62.00 price objective (up from $58.00) on shares of US Foods in a research report on Friday, May 10th. UBS Group increased their price objective on US Foods from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. increased their price objective on US Foods from $58.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Finally, Truist Financial increased their price objective on US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $64.70.

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.