California Public Employees Retirement System Increases Stock Position in US Foods Holding Corp. $USFD

California Public Employees Retirement System lifted its holdings in US Foods Holding Corp. (NYSE:USFD) by 7.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 421,391 shares of the company’s stock after buying an additional 28,180 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of US Foods worth $32,451,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of USFD. Boston Partners boosted its stake in US Foods by 29.1% during the first quarter. Boston Partners now owns 16,457,351 shares of the company’s stock worth $1,076,225,000 after acquiring an additional 3,713,345 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of US Foods by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock worth $774,806,000 after purchasing an additional 426,288 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of US Foods by 2.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,134,905 shares of the company’s stock worth $472,449,000 after buying an additional 161,749 shares during the last quarter. Geode Capital Management LLC increased its position in US Foods by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,986,397 shares of the company’s stock valued at $307,044,000 after buying an additional 52,361 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in US Foods by 84.4% during the 2nd quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock valued at $275,750,000 after buying an additional 1,639,310 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Performance

Shares of USFD opened at $75.71 on Thursday. The firm has a market capitalization of $16.88 billion, a P/E ratio of 31.54, a PEG ratio of 1.01 and a beta of 1.03. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70. US Foods Holding Corp. has a one year low of $57.36 and a one year high of $85.11. The business has a fifty day moving average of $74.74 and a 200 day moving average of $77.31.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.18 billion. US Foods had a return on equity of 17.71% and a net margin of 1.43%.US Foods’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling at US Foods

In related news, insider Steven Guberman sold 58,632 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the transaction, the insider owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. This trade represents a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

USFD has been the topic of a number of analyst reports. Piper Sandler upped their price target on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a report on Monday. Finally, Barclays cut their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $82.00.

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.