Retirement Systems of Alabama reduced its stake in US Foods Holding Corp. (NYSE:USFD – Free Report) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 466,935 shares of the company’s stock after selling 29,955 shares during the period. Retirement Systems of Alabama owned 0.21% of US Foods worth $35,777,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in USFD. Parkside Financial Bank & Trust lifted its position in US Foods by 303.7% in the third quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock worth $25,000 after purchasing an additional 246 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of US Foods by 120.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after buying an additional 263 shares in the last quarter. First Horizon Corp bought a new stake in shares of US Foods in the 3rd quarter worth $39,000. MAI Capital Management lifted its holdings in shares of US Foods by 155.6% in the second quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after buying an additional 322 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in US Foods by 58.7% during the second quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock valued at $42,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Barclays dropped their price target on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Wall Street Zen lowered shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Guggenheim raised their target price on shares of US Foods from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, US Foods has a consensus rating of “Moderate Buy” and a consensus target price of $89.50.
Insider Buying and Selling at US Foods
In other news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the transaction, the insider owned 113,410 shares in the company, valued at approximately $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.
US Foods Stock Down 0.8%
USFD stock opened at $81.27 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70. The firm has a market capitalization of $18.12 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.02 and a beta of 1.03. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.85. The company’s 50 day simple moving average is $77.13 and its 200-day simple moving average is $77.53.
US Foods (NYSE:USFD – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The firm had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the previous year, the company posted $0.85 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.
About US Foods
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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