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 Securities and Exchange Commission (SEC). The institutional investor owned 417,823 shares of the company’s stock after selling 4,638 shares during the period. Retirement Systems of Alabama owned about 0.19% of US Foods worth $38,527,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. acquired a new position in shares of US Foods during the 2nd quarter worth about $27,000. Elevation Wealth Partners LLC raised its position in shares of US Foods by 131.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 292 shares of the company’s stock worth $27,000 after acquiring an additional 166 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of US Foods during the 2nd quarter worth about $28,000. Burkett Financial Services LLC purchased a new stake in US Foods during the third quarter worth approximately $30,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in US Foods during the second quarter worth approximately $39,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Performance

Shares of USFD stock opened at $109.78 on Wednesday. The stock’s 50-day moving average is $99.38 and its two-hundred day moving average is $95.25. The firm has a market cap of $23.75 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 1.39 and a beta of 0.87. US Foods Holding Corp. has a 1 year low of $69.88 and a 1 year high of $112.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.68 and a current ratio of 1.11.

US Foods (NYSE:USFD) last posted 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 during the quarter, compared to the consensus estimate of $10.58 billion. US Foods had a return on equity of 21.37% and a net margin of 1.97%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.07 EPS. Analysts predict that US Foods Holding Corp. will post 4.45 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on USFD shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target on shares of US Foods in a report on Friday, August 7th. JPMorgan Chase & Co. cut their price objective on shares of US Foods from $108.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. TD Cowen raised their price objective on shares of US Foods from $119.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. Wells Fargo & Company boosted their price objective on shares of US Foods from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Finally, Piper Sandler upped their target price on shares of US Foods from $88.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. One equities 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. Based on data from MarketBeat.com, US Foods has a consensus rating of “Moderate Buy” and an average price target of $115.31.

Insider Transactions at US Foods

In other US Foods news, insider Randy J. Taylor sold 11,630 shares of US Foods stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $110.37, for a total transaction of $1,283,603.10. Following the transaction, the insider owned 73,618 shares of the company’s stock, valued at $8,125,218.66. The trade was a 13.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.74% of the stock is owned by corporate insiders.

About US Foods

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.