Arizona State Retirement System Has $4.55 Million Position in US Foods Holding Corp. (NYSE:USFD)

Arizona State Retirement System increased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 0.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 67,426 shares of the company’s stock after acquiring an additional 170 shares during the period. Arizona State Retirement System’s holdings in US Foods were worth $4,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its position in US Foods by 5.4% in the third quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock valued at $21,462,000 after buying an additional 17,897 shares in the last quarter. State Street Corp boosted its position in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in 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 buying an additional 28,232 shares in the last quarter. Longbow Finance SA acquired a new position in US Foods in the fourth quarter valued at about $9,001,000. Finally, Jag Capital Management LLC boosted its position in US Foods by 3,175.1% in the third 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. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on USFD shares. Piper Sandler boosted their price target on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Barclays upped their target price on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Morgan Stanley upped their target price on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, Truist Financial upped their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $70.33.

Insider Buying and Selling at US Foods

In related news, Director David W. Bullock purchased 4,000 shares of US Foods stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

US Foods Trading Down 1.8 %

USFD opened at $65.64 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The company has a market cap of $15.12 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The firm has a 50 day simple moving average of $69.43 and a 200 day simple moving average of $65.77. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 13th. The company reported $0.78 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 during the quarter, compared to the consensus estimate of $9.47 billion. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

About US Foods

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.