Illinois Municipal Retirement Fund Boosts Stake in US Foods Holding Corp. $USFD

Illinois Municipal Retirement Fund lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 36.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 125,135 shares of the company’s stock after purchasing an additional 33,415 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.05% of US Foods worth $9,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd acquired a new position in US Foods in the first quarter valued at about $31,000. V Square Quantitative Management LLC raised its stake in shares of US Foods by 58.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock valued at $42,000 after acquiring an additional 200 shares during the period. Assetmark Inc. lifted its holdings in shares of US Foods by 41.1% in the 2nd quarter. Assetmark Inc. now owns 931 shares of the company’s stock worth $72,000 after acquiring an additional 271 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of US Foods by 19.7% in the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $85,000 after acquiring an additional 214 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of US Foods by 1,474.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,149 shares of the company’s stock worth $88,000 after purchasing an additional 1,076 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Trading Down 1.5%

NYSE:USFD opened at $72.41 on Tuesday. US Foods Holding Corp. has a 12-month low of $57.36 and a 12-month high of $85.11. The firm has a market cap of $16.30 billion, a PE ratio of 30.17, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The stock has a fifty day moving average price of $76.10 and a 200 day moving average price of $76.86.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. During the same quarter last year, the company earned $0.85 EPS. US Foods’s revenue for the quarter was up 4.8% compared to the same quarter last year. Sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wells Fargo & Company restated an “overweight” rating and set a $87.00 price target (up from $80.00) on shares of US Foods in a research note on Friday, August 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of US Foods in a report on Friday. Wall Street Zen upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. Finally, Guggenheim boosted their price target on shares of US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $82.00.

About US Foods

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.