US Foods Holding Corp. (NYSE:USFD) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 127,057 shares of the company’s stock after selling 5,423 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in US Foods were worth $5,770,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in US Foods during the 4th quarter valued at about $41,000. Illinois Municipal Retirement Fund boosted its stake in shares of US Foods by 15.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 91,720 shares of the company’s stock worth $4,165,000 after buying an additional 12,333 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of US Foods by 0.9% in the fourth quarter. California Public Employees Retirement System now owns 426,618 shares of the company’s stock worth $19,373,000 after buying an additional 3,934 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in US Foods by 41.4% in the 4th quarter. Handelsbanken Fonder AB now owns 42,341 shares of the company’s stock worth $1,923,000 after purchasing an additional 12,400 shares during the period. Finally, Naples Money Management LLC acquired a new position in US Foods in the 4th quarter worth about $2,282,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP David A. Rickard sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was 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 of the company’s stock, valued at $7,802,423.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

USFD has been the subject of a number of analyst reports. Morgan Stanley upped their price target on US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Truist Financial increased their target price on US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased their target price on US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $45.00 to $59.00 in a research report on Tuesday, February 20th. Finally, BTIG Research increased their price objective on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $54.92.

US Foods Stock Up 1.8 %

US Foods stock traded up $0.93 during midday trading on Friday, reaching $51.35. The company’s stock had a trading volume of 1,145,283 shares, compared to its average volume of 1,709,409. US Foods Holding Corp. has a fifty-two week low of $35.66 and a fifty-two week high of $54.94. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The company has a market cap of $12.59 billion, a P/E ratio of 25.46, a P/E/G ratio of 0.85 and a beta of 1.58. The business has a 50-day simple moving average of $52.00 and a 200-day simple moving average of $46.37.

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

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.