New York Life Investment Management LLC Buys 1,220 Shares of US Foods Holding Corp. (NYSE:USFD)

New York Life Investment Management LLC grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,968 shares of the company’s stock after purchasing an additional 1,220 shares during the quarter. New York Life Investment Management LLC’s holdings in US Foods were worth $1,179,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in shares of US Foods by 98.2% during the 4th quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock valued at $418,711,000 after purchasing an additional 4,569,002 shares during the last quarter. Truist Financial Corp increased its position in shares of US Foods by 21.0% during the 4th quarter. Truist Financial Corp now owns 56,156 shares of the company’s stock valued at $2,550,000 after purchasing an additional 9,751 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of US Foods during the 4th quarter valued at $41,000. Illinois Municipal Retirement Fund increased its holdings in US Foods by 15.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 91,720 shares of the company’s stock worth $4,165,000 after acquiring an additional 12,333 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in US Foods by 0.9% in the 4th quarter. California Public Employees Retirement System now owns 426,618 shares of the company’s stock worth $19,373,000 after acquiring an additional 3,934 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BMO Capital Markets lifted their price objective on US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. UBS Group raised US Foods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $47.00 to $64.00 in a report on Tuesday, February 20th. Truist Financial lifted their price objective on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. lifted their price objective on US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Finally, Morgan Stanley lifted their price objective on US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $54.92.

Insider Activity

In other news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the completion of the sale, the executive vice president now owns 148,561 shares in the company, valued at approximately $7,802,423.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

US Foods Stock Performance

Shares of USFD opened at $52.10 on Wednesday. The company has a market cap of $12.78 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average price of $52.14 and a 200-day moving average price of $47.30. US Foods Holding Corp. has a 12-month low of $35.66 and a 12-month high of $54.94.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The business had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. As a group, equities analysts forecast that US Foods Holding Corp. will post 2.92 earnings per share for the current fiscal year.

US Foods Company Profile

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.