Teacher Retirement System of Texas Has $6.36 Million Stake in US Foods Holding Corp. $USFD

Teacher Retirement System of Texas lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 21.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 83,036 shares of the company’s stock after selling 22,181 shares during the quarter. Teacher Retirement System of Texas’ holdings in US Foods were worth $6,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of US Foods by 85.8% in the 1st quarter. Royal Bank of Canada now owns 148,512 shares of the company’s stock valued at $9,722,000 after acquiring an additional 68,567 shares during the period. Empowered Funds LLC acquired a new stake in US Foods in the first quarter worth $359,000. Sivia Capital Partners LLC bought a new position in shares of US Foods during the second quarter worth $526,000. V Square Quantitative Management LLC grew its holdings 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 buying an additional 200 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new position in shares of US Foods in the 2nd quarter valued at $1,195,000. 98.76% of the stock is owned by institutional investors.

US Foods Stock Down 1.2%

NYSE:USFD opened at $80.28 on Tuesday. The company has a market cap of $17.90 billion, a PE ratio of 33.45, a PEG ratio of 1.02 and a beta of 1.03. The stock has a 50-day simple moving average of $77.31 and a 200 day simple moving average of $77.53. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.85.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, topping 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 firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Guggenheim raised their price objective on US Foods from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Citigroup dropped their price target on US Foods from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Morgan Stanley set a $92.00 price objective on US Foods in a report on Tuesday, January 20th. Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.50.

Insiders Place Their Bets

In other US Foods news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the sale, the insider directly owned 113,410 shares in the company, valued at approximately $8,165,520. The trade was a 34.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company’s stock.

About US Foods

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.