VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 21,709 shares of the company’s stock, valued at approximately $2,220,000.
A number of other institutional investors have also recently made changes to their positions in USFD. California State Teachers Retirement System increased its stake in shares of US Foods by 9,910.0% in the second quarter. California State Teachers Retirement System now owns 26,117,104 shares of the company’s stock valued at $2,670,474,000 after buying an additional 25,856,195 shares during the period. Wedmont Private Capital lifted its stake in shares of US Foods by 7.2% in the second quarter. Wedmont Private Capital now owns 4,049 shares of the company’s stock worth $409,000 after acquiring an additional 273 shares during the period. HB Wealth Management LLC lifted its stake in shares of US Foods by 17.4% in the second quarter. HB Wealth Management LLC now owns 11,462 shares of the company’s stock worth $1,172,000 after acquiring an additional 1,700 shares during the period. Nilsine Partners LLC boosted its holdings in US Foods by 3.0% in the second quarter. Nilsine Partners LLC now owns 15,603 shares of the company’s stock valued at $1,595,000 after acquiring an additional 453 shares during the last quarter. Finally, Angeles Wealth Management LLC boosted its holdings in US Foods by 6.9% in the second quarter. Angeles Wealth Management LLC now owns 3,612 shares of the company’s stock valued at $369,000 after acquiring an additional 234 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.
US Foods Stock Performance
Shares of USFD opened at $96.21 on Friday. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $111.42. The company has a market cap of $20.81 billion, a PE ratio of 29.60, a P/E/G ratio of 1.24 and a beta of 0.82. The stock has a 50-day moving average of $103.26 and a 200-day moving average of $94.90. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.14 and a quick ratio of 0.70.
Insider Buying and Selling
In related news, insider Randy J. Taylor sold 11,630 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $110.37, for a total value of $1,283,603.10. Following the transaction, the insider directly owned 73,618 shares in the company, valued at $8,125,218.66. This trade represents a 13.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William Spencer Hancock sold 21,754 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $108.29, for a total transaction of $2,355,740.66. Following the sale, the insider owned 101,144 shares of the company’s stock, valued at $10,952,883.76. This trade represents a 17.70% decrease in their position. The SEC filing for this sale provides additional information. 0.74% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
USFD has been the subject of several analyst reports. Citigroup raised their price target on shares of US Foods from $110.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 7th. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price objective on shares of US Foods in a research report on Friday, August 7th. BTIG Research lifted their target price on shares of US Foods from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Morgan Stanley set a $107.00 target price on shares of US Foods in a report on Friday, August 7th. Finally, UBS Group upped their price target on shares of US Foods from $117.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, US Foods has a consensus rating of “Moderate Buy” and a consensus price target of $113.92.
Read Our Latest Analysis on USFD
US Foods Company Profile
US Foods Holding Corp. (NYSE: USFD) is a major foodservice distributor serving restaurants and other food-away-from-home businesses across the United States. The company supplies independent and multi-unit restaurants, healthcare organizations, hospitality businesses, educational institutions, government facilities and other commercial customers.
Its product portfolio includes fresh produce, meat and seafood, dairy products, frozen and dry groceries, beverages, ingredients, disposable supplies, kitchen equipment and other foodservice-related products.
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