California Public Employees Retirement System increased its holdings in shares of US Foods Holding Corp (NYSE:USFD) by 38.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 470,694 shares of the company’s stock after acquiring an additional 130,706 shares during the quarter. California Public Employees Retirement System owned about 0.21% of US Foods worth $19,346,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in USFD. Meeder Asset Management Inc. increased its position in US Foods by 116.8% during the third quarter. Meeder Asset Management Inc. now owns 828 shares of the company’s stock worth $34,000 after acquiring an additional 446 shares during the period. AdvisorNet Financial Inc increased its position in US Foods by 1,041.0% during the third quarter. AdvisorNet Financial Inc now owns 1,529 shares of the company’s stock worth $63,000 after acquiring an additional 1,395 shares during the period. CENTRAL TRUST Co bought a new position in US Foods during the second quarter worth about $76,000. Stevens First Principles Investment Advisors increased its position in US Foods by 14.3% during the second quarter. Stevens First Principles Investment Advisors now owns 2,925 shares of the company’s stock worth $105,000 after acquiring an additional 365 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in US Foods by 20.0% during the third quarter. Nisa Investment Advisors LLC now owns 4,800 shares of the company’s stock worth $197,000 after acquiring an additional 800 shares during the period. 95.81% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Pietro Satriano sold 184,666 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.23, for a total value of $7,244,447.18. Following the sale, the chief executive officer now directly owns 275,499 shares in the company, valued at approximately $10,807,825.77. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.
Shares of US Foods stock opened at $39.11 on Friday. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.95 and a beta of 0.47. The company has a quick ratio of 0.80, a current ratio of 1.40 and a debt-to-equity ratio of 1.35. US Foods Holding Corp has a 12-month low of $29.55 and a 12-month high of $43.10. The firm’s 50-day moving average price is $40.52 and its two-hundred day moving average price is $38.21.
US Foods (NYSE:USFD) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. US Foods had a net margin of 1.57% and a return on equity of 14.40%. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.53 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that US Foods Holding Corp will post 2.27 earnings per share for the current year.
A number of research firms recently commented on USFD. Buckingham Research raised their price target on shares of US Foods from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Bank of America increased their price objective on shares of US Foods from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. ValuEngine upgraded shares of US Foods from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Barclays increased their price objective on shares of US Foods from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 12th. Finally, Zacks Investment Research upgraded shares of US Foods from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research note on Friday, October 11th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.50.
US Foods Profile
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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.
Featured Story: What is the Gross Domestic Product (GDP)?
Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.