Maryland State Retirement & Pension System Sells 866 Shares of US Foods Holding Corp. (NYSE:USFD)

Maryland State Retirement & Pension System cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 6.6% in the 4th quarter, Holdings Channel reports. The firm owned 12,229 shares of the company’s stock after selling 866 shares during the period. Maryland State Retirement & Pension System’s holdings in US Foods were worth $825,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of USFD. EverSource Wealth Advisors LLC lifted its position in shares of US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after buying an additional 178 shares during the last quarter. R Squared Ltd acquired a new position in US Foods during the fourth quarter worth about $34,000. First Horizon Advisors Inc. lifted its holdings in shares of US Foods by 54.2% in the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of US Foods by 50.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company’s stock valued at $49,000 after purchasing an additional 243 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its position in US Foods by 38.5% during the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company’s stock worth $55,000 after purchasing an additional 224 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director David W. Bullock acquired 4,000 shares of the 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 purchase, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

US Foods Trading Up 1.5 %

NYSE:USFD opened at $64.36 on Monday. US Foods Holding Corp. has a 52 week low of $49.65 and a 52 week high of $73.19. The firm’s fifty day moving average is $68.85 and its 200-day moving average is $66.23. The firm has a market cap of $14.83 billion, a P/E ratio of 31.86, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. Equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

USFD has been the topic of a number of research analyst reports. Melius initiated coverage on shares of US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 target price on the stock. Jefferies Financial Group raised their price objective on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Melius Research upgraded US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. StockNews.com lowered US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Piper Sandler upped their price objective on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $71.09.

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.