Louisiana State Employees Retirement System Reduces Position in US Foods Holding Corp. (NYSE:USFD)

Louisiana State Employees Retirement System lowered its position in US Foods Holding Corp. (NYSE:USFD) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,700 shares of the company’s stock after selling 3,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in US Foods were worth $4,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Legacy Wealth Asset Management LLC increased its holdings in shares of US Foods by 4.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock valued at $279,000 after acquiring an additional 160 shares during the period. Bank of Montreal Can grew its position in US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after purchasing an additional 171 shares during the last quarter. First Horizon Advisors Inc. increased its stake in US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares during the period. CIBC Asset Management Inc raised its holdings in shares of US Foods by 3.3% in the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock valued at $436,000 after buying an additional 226 shares during the last quarter. Finally, One Wealth Advisors LLC boosted its stake in shares of US Foods by 5.6% during the fourth quarter. One Wealth Advisors LLC now owns 4,327 shares of the company’s stock worth $292,000 after buying an additional 229 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on USFD. Melius started coverage on US Foods in a research note on Wednesday, December 18th. They set a “buy” rating and a $12.00 price objective for the company. Jefferies Financial Group upped their price target on US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Barclays lifted their price objective on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Morgan Stanley upped their price objective 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. Finally, Piper Sandler lifted their target price on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $68.92.

US Foods Trading Down 0.1 %

Shares of USFD opened at $69.62 on Thursday. The firm’s 50-day moving average is $69.06 and its two-hundred day moving average is $63.87. US Foods Holding Corp. has a twelve month low of $45.24 and a twelve month high of $73.00. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $16.22 billion, a P/E ratio of 29.88, a PEG ratio of 0.95 and a beta of 1.67.

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.