Strs Ohio Has $14.76 Million Position in US Foods Holding Corp. (NYSE:USFD)

Strs Ohio lowered its holdings in US Foods Holding Corp. (NYSE:USFD) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 325,033 shares of the company’s stock after selling 16,640 shares during the quarter. Strs Ohio owned about 0.13% of US Foods worth $14,759,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in US Foods by 67.4% in the first quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of US Foods during the fourth quarter valued at $30,000. KB Financial Partners LLC acquired a new position in shares of US Foods during the first quarter valued at $34,000. Money Concepts Capital Corp acquired a new position in shares of US Foods during the fourth quarter valued at $46,000. Finally, Fifth Third Bancorp lifted its stake in shares of US Foods by 36.1% during the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock valued at $47,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP David A. Rickard sold 50,000 shares of the 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 transaction, the executive vice president now directly owns 148,561 shares in the company, valued at $7,802,423.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

US Foods Stock Up 1.9 %

Shares of US Foods stock opened at $51.53 on Wednesday. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $54.94. The business has a 50-day moving average of $51.45 and a two-hundred day moving average of $45.80. The company has a market capitalization of $12.64 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 0.85 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The business had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.81 billion. As a group, equities analysts predict that US Foods Holding Corp. will post 2.91 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Truist Financial upped their price target on US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. UBS Group raised US Foods from a “neutral” rating to a “buy” rating and upped their price target for the company from $47.00 to $64.00 in a research note on Tuesday, February 20th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Morgan Stanley upped their price objective on US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price objective on US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, US Foods currently has an average rating of “Buy” and a consensus price target of $54.92.

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.