New Mexico Educational Retirement Board Buys 4,936 Shares of US Foods Holding Corp. (NYSE:USFD)

New Mexico Educational Retirement Board lifted its stake in US Foods Holding Corp. (NYSE:USFD) by 11.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,736 shares of the company’s stock after acquiring an additional 4,936 shares during the period. New Mexico Educational Retirement Board’s holdings in US Foods were worth $3,355,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Public Sector Pension Investment Board increased its position in US Foods by 100.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company’s stock valued at $369,000 after buying an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of US Foods by 25.2% in the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after purchasing an additional 2,435,357 shares during the period. Congress Asset Management Co. acquired a new position in shares of US Foods in the third quarter valued at about $121,196,000. State Street Corp increased its holdings in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after purchasing an additional 316,061 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of US Foods by 4.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after purchasing an additional 291,016 shares during the period. 98.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on USFD shares. JPMorgan Chase & Co. increased their price objective on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barclays increased their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday. Melius Research upgraded US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Truist Financial upped their target price on US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Piper Sandler upped their target price on US Foods from $61.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $70.17.

US Foods Price Performance

USFD stock opened at $71.25 on Friday. The business has a fifty day moving average of $69.02 and a two-hundred day moving average of $64.11. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. US Foods Holding Corp. has a 52-week low of $45.24 and a 52-week high of $73.00.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 14.15% and a net margin of 1.54%. The firm had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. As a group, research analysts anticipate that US Foods Holding Corp. will post 2.94 earnings per share for the current year.

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.