US Foods Holding Corp. $USFD Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in US Foods Holding Corp. (NYSE:USFD) by 7.4% during the third quarter, Holdings Channel reports. The institutional investor owned 148,707 shares of the company’s stock after selling 11,872 shares during the period. Illinois Municipal Retirement Fund’s holdings in US Foods were worth $13,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of USFD. Lido Advisors LLC acquired a new position in shares of US Foods during the 3rd quarter worth about $203,000. Keybank National Association OH increased its holdings in shares of US Foods by 5.1% in the 3rd quarter. Keybank National Association OH now owns 2,677 shares of the company’s stock valued at $247,000 after acquiring an additional 131 shares during the last quarter. New York Life Investment Management LLC raised its position in shares of US Foods by 7.6% during the 3rd quarter. New York Life Investment Management LLC now owns 32,271 shares of the company’s stock worth $2,976,000 after acquiring an additional 2,278 shares in the last quarter. Nemes Rush Group LLC raised its position in shares of US Foods by 6.8% during the 3rd quarter. Nemes Rush Group LLC now owns 4,988 shares of the company’s stock worth $460,000 after acquiring an additional 319 shares in the last quarter. Finally, AlphaCore Capital LLC raised its position in shares of US Foods by 4.4% during the 3rd quarter. AlphaCore Capital LLC now owns 6,537 shares of the company’s stock worth $603,000 after acquiring an additional 278 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

USFD has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on US Foods from $108.00 to $98.00 and set a “neutral” rating for the company in a research note on Tuesday, September 29th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price target on shares of US Foods in a research note on Friday, August 7th. Wall Street Zen cut shares of US Foods from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Zacks Research raised shares of US Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Finally, UBS Group boosted their price objective on shares of US Foods from $117.00 to $127.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, US Foods has an average rating of “Moderate Buy” and an average target price of $115.31.

US Foods Stock Performance

NYSE USFD opened at $109.77 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.11 and a quick ratio of 0.68. US Foods Holding Corp. has a 1 year low of $69.88 and a 1 year high of $112.57. The company has a market capitalization of $23.57 billion, a PE ratio of 30.66, a P/E/G ratio of 1.42 and a beta of 0.87. The company has a fifty day moving average of $99.45 and a two-hundred day moving average of $95.40.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, November 5th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. US Foods had a return on equity of 21.37% and a net margin of 1.97%. The business had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.58 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. As a group, analysts expect that US Foods Holding Corp. will post 4.45 earnings per share for the current year.

About US Foods

US Foods Holding Corp. is a foodservice distributor that supplies restaurants and other foodservice businesses across the United States. Its customers include independent restaurants, healthcare and senior-care facilities, hotels, educational institutions, and government organizations. The company distributes a broad range of products, including fresh and frozen foods, meat, seafood, produce, dairy, beverages, and nonfood supplies. It also offers services and digital tools intended to help customers manage menus, purchasing, and kitchen operations.