Illinois Municipal Retirement Fund Has $4.17 Million Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Illinois Municipal Retirement Fund raised its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,720 shares of the company’s stock after purchasing an additional 12,333 shares during the period. Illinois Municipal Retirement Fund’s holdings in US Foods were worth $4,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in USFD. Blue Trust Inc. acquired a new stake in shares of US Foods in the fourth quarter worth $30,000. Fifth Third Bancorp grew its stake in shares of US Foods by 36.1% in the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock worth $47,000 after acquiring an additional 316 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of US Foods in the fourth quarter worth $47,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of US Foods in the third quarter worth $61,000. Finally, Global Retirement Partners LLC grew its stake in shares of US Foods by 95.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,564 shares of the company’s stock worth $72,000 after acquiring an additional 762 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Stock Up 0.0 %

Shares of NYSE USFD opened at $50.77 on Thursday. The business has a fifty day moving average of $51.96 and a two-hundred day moving average of $46.34. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $54.94. The stock has a market cap of $12.45 billion, a PE ratio of 25.13, a PEG ratio of 0.85 and a beta of 1.58.

US Foods (NYSE:USFD) last released 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). US Foods had a net margin of 1.42% and a return on equity of 13.41%. The business had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.81 billion. As a group, equities research analysts expect that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on USFD shares. BMO Capital Markets raised their target price on US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Piper Sandler raised US Foods from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $45.00 to $59.00 in a research report on Tuesday, February 20th. Truist Financial raised their target price on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. BTIG Research raised their target price on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Morgan Stanley raised their target price on US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. 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 stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $54.92.

Insider Activity at US Foods

In related news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the completion of the transaction, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.