California Public Employees Retirement System Raises Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

California Public Employees Retirement System increased its position in US Foods Holding Corp. (NYSE:USFD) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 426,618 shares of the company’s stock after buying an additional 3,934 shares during the quarter. California Public Employees Retirement System owned 0.17% of US Foods worth $19,373,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. purchased a new position in shares of US Foods in the fourth quarter worth $30,000. Anchor Investment Management LLC purchased a new position in US Foods during the 4th quarter valued at $47,000. Fifth Third Bancorp increased its position in US Foods by 36.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock valued at $47,000 after purchasing an additional 316 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in US Foods during the 3rd quarter valued at $61,000. Finally, Global Retirement Partners LLC increased its position in US Foods by 95.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,564 shares of the company’s stock valued at $72,000 after purchasing an additional 762 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Performance

Shares of US Foods stock opened at $51.35 on Monday. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 0.86 and a beta of 1.58. The firm’s 50-day moving average is $52.04 and its 200 day moving average is $46.59. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $54.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The firm had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.81 billion. US Foods had a return on equity of 13.41% and a net margin of 1.42%. Sell-side analysts anticipate that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

USFD has been the topic of a number of research analyst reports. Piper Sandler raised shares of US Foods from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $59.00 in a research report on Tuesday, February 20th. Truist Financial boosted their price objective on shares of US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. BMO Capital Markets boosted their target price on shares of US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Morgan Stanley boosted their target price on shares of US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $54.92.

Insider Buying and Selling

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.

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.