4,638 US Foods Holding Corp. $USFD Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its holdings in US Foods Holding Corp. (NYSE:USFD) by 1.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 417,823 shares of the company’s stock after selling 4,638 shares during the quarter. Retirement Systems of Alabama’s holdings in US Foods were worth $38,527,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP raised its holdings in shares of US Foods by 46.1% in the second quarter. Wellington Management Group LLP now owns 23,009,877 shares of the company’s stock valued at $2,352,760,000 after buying an additional 7,259,357 shares during the last quarter. BlackRock Inc. purchased a new position in shares of US Foods during the second quarter worth about $2,131,439,000. Primecap Management Co. CA purchased a new position in shares of US Foods during the second quarter worth about $406,997,000. Bessemer Group Inc. grew its holdings in shares of US Foods by 1.8% during the first quarter. Bessemer Group Inc. now owns 2,926,696 shares of the company’s stock worth $269,872,000 after buying an additional 51,519 shares during the last quarter. Finally, Bank of America Corp DE increased its position in US Foods by 50.9% in the 1st quarter. Bank of America Corp DE now owns 1,520,296 shares of the company’s stock valued at $140,186,000 after acquiring an additional 512,511 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Down 0.1%

Shares of US Foods stock opened at $109.78 on Wednesday. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $112.57. The company has a market cap of $23.75 billion, a P/E ratio of 30.67, a PEG ratio of 1.39 and a beta of 0.87. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.68 and a current ratio of 1.11. The firm has a fifty day moving average of $99.38 and a two-hundred day moving average of $95.25.

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

Insider Transactions at US Foods

In related news, insider Randy J. Taylor sold 11,630 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $110.37, for a total transaction of $1,283,603.10. Following the completion of the transaction, the insider directly owned 73,618 shares of the company’s stock, valued at $8,125,218.66. This represents a 13.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.74% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

USFD has been the subject of several analyst reports. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 price objective on shares of US Foods in a research note on Friday, August 7th. Morgan Stanley increased their price objective on US Foods from $107.00 to $111.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. TD Cowen increased their price objective on US Foods from $119.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Piper Sandler lifted their target price on US Foods from $88.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Finally, Zacks Research raised US Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, US Foods presently has a consensus rating of “Moderate Buy” and an average target price of $115.31.

US Foods Company Profile

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.