New York State Common Retirement Fund Purchases 14,400 Shares of US Foods Holding Corp. $USFD

New York State Common Retirement Fund increased its position in US Foods Holding Corp. (NYSE:USFD) by 13.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,468 shares of the company’s stock after purchasing an additional 14,400 shares during the period. New York State Common Retirement Fund owned 0.05% of US Foods worth $9,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in USFD. Ballentine Partners LLC grew its position in shares of US Foods by 26.0% in the 3rd quarter. Ballentine Partners LLC now owns 6,021 shares of the company’s stock worth $461,000 after buying an additional 1,244 shares during the period. Truist Financial Corp boosted its stake in US Foods by 0.8% during the third quarter. Truist Financial Corp now owns 33,810 shares of the company’s stock worth $2,591,000 after acquiring an additional 255 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in US Foods in the third quarter worth about $371,000. Savoir Faire Capital Management L.P. grew its holdings in US Foods by 544.3% in the third quarter. Savoir Faire Capital Management L.P. now owns 95,341 shares of the company’s stock worth $7,305,000 after purchasing an additional 80,544 shares during the period. Finally, Sagespring Wealth Partners LLC increased its stake in shares of US Foods by 36.5% during the third quarter. Sagespring Wealth Partners LLC now owns 4,621 shares of the company’s stock valued at $354,000 after purchasing an additional 1,236 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Trading Up 4.2%

Shares of NYSE:USFD opened at $87.87 on Wednesday. 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 1 year low of $57.36 and a 1 year high of $88.32. The company has a market cap of $19.59 billion, a P/E ratio of 36.61, a PEG ratio of 1.06 and a beta of 1.02. The stock’s fifty day moving average price is $78.68 and its 200-day moving average price is $77.63.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating 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 business had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Transactions at US Foods

In other US Foods news, insider Steven Guberman sold 58,632 shares of US Foods 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 completion of the sale, the insider owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. The trade was a 34.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on USFD shares. Wall Street Zen downgraded US Foods from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Guggenheim boosted their target price on US Foods from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a report on Monday, December 29th. Citigroup upped their price target on shares of US Foods from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Finally, Barclays cut their price objective 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. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, US Foods has an average rating of “Moderate Buy” and a consensus target price of $90.00.

US Foods Company Profile

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.