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 lowered its stake in US Foods Holding Corp. (NYSE:USFD) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,057 shares of the company’s stock after selling 5,423 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of US Foods worth $5,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USFD. GAMMA Investing LLC purchased a new position in US Foods during the fourth quarter worth about $41,000. Illinois Municipal Retirement Fund grew its holdings in shares of US Foods by 15.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 91,720 shares of the company’s stock worth $4,165,000 after acquiring an additional 12,333 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of US Foods by 0.9% in the 4th quarter. California Public Employees Retirement System now owns 426,618 shares of the company’s stock worth $19,373,000 after acquiring an additional 3,934 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of US Foods by 41.4% during the fourth quarter. Handelsbanken Fonder AB now owns 42,341 shares of the company’s stock valued at $1,923,000 after buying an additional 12,400 shares in the last quarter. Finally, Naples Money Management LLC acquired a new stake in US Foods during the fourth quarter valued at $2,282,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Price Performance

NYSE:USFD traded up $0.93 during mid-day trading on Friday, reaching $51.35. The stock had a trading volume of 1,145,283 shares, compared to its average volume of 1,709,409. The stock has a 50-day simple moving average of $52.00 and a two-hundred day simple moving average of $46.37. The stock has a market capitalization of $12.59 billion, a PE ratio of 25.46, a P/E/G ratio of 0.85 and a beta of 1.58. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $54.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78.

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. BMO Capital Markets increased their price target on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. UBS Group upgraded US Foods from a “neutral” rating to a “buy” rating and increased their target price for the stock from $47.00 to $64.00 in a report on Tuesday, February 20th. Morgan Stanley increased their target price on US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, US Foods currently has a consensus rating of “Buy” and an average target price of $54.92.

Insider Activity at US Foods

In related news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares in the company, valued at $7,802,423.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.70% of the stock is owned by company insiders.

US Foods 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.