Texas Permanent School Fund Corp Lowers Stake in US Foods Holding Corp. $USFD

Texas Permanent School Fund Corp trimmed its holdings in US Foods Holding Corp. (NYSE:USFD) by 17.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 97,219 shares of the company’s stock after selling 20,047 shares during the period. Texas Permanent School Fund Corp’s holdings in US Foods were worth $7,487,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in US Foods during the 1st quarter valued at approximately $31,000. Kovitz Investment Group Partners LLC increased its holdings in shares of US Foods by 7.2% in the first quarter. Kovitz Investment Group Partners LLC now owns 3,373 shares of the company’s stock valued at $221,000 after purchasing an additional 226 shares during the period. American Century Companies Inc. increased its holdings in shares of US Foods by 9.2% in the first quarter. American Century Companies Inc. now owns 260,424 shares of the company’s stock valued at $17,047,000 after purchasing an additional 21,894 shares during the period. Raymond James Financial Inc. raised its stake in shares of US Foods by 4.4% during the first quarter. Raymond James Financial Inc. now owns 752,023 shares of the company’s stock worth $49,227,000 after purchasing an additional 31,426 shares during the last quarter. Finally, Versor Investments LP lifted its holdings in shares of US Foods by 21.8% during the first quarter. Versor Investments LP now owns 15,280 shares of the company’s stock worth $1,000,000 after purchasing an additional 2,733 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insiders Place Their Bets

In related news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the completion of the transaction, the insider directly owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

USFD has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research note on Monday, December 8th. Barclays dropped their price target on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. Piper Sandler lifted their price objective on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $82.00.

US Foods Stock Down 0.6%

Shares of NYSE USFD opened at $76.13 on Tuesday. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 1.03 and a beta of 1.03. US Foods Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.11. The firm has a 50-day moving average price of $74.78 and a 200 day moving average price of $77.29. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08.

US Foods (NYSE:USFD) last issued its 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. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.85 earnings per share. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

US Foods 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.