US Foods Holding Corp. (NYSE:USFD) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in US Foods Holding Corp. (NYSE:USFD) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 335,184 shares of the company’s stock after selling 339 shares during the period. Retirement Systems of Alabama owned about 0.14% of US Foods worth $15,221,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. acquired a new position in shares of US Foods in the fourth quarter worth $30,000. GAMMA Investing LLC acquired a new position in shares of US Foods in the fourth quarter worth $41,000. Anchor Investment Management LLC acquired a new position in shares of US Foods in the fourth quarter worth $47,000. Fifth Third Bancorp grew its stake in shares of US Foods by 36.1% in the third quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock worth $47,000 after acquiring an additional 316 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of US Foods during the third quarter worth $61,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

USFD has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $59.00 in a research note on Tuesday, February 20th. Truist Financial boosted their target price on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, BMO Capital Markets boosted their target price on shares of US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $54.92.

Insider Activity

In other news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

US Foods Trading Down 2.4 %

Shares of USFD opened at $50.26 on Wednesday. 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 firm’s 50-day moving average is $52.08 and its two-hundred day moving average is $46.80. US Foods Holding Corp. has a twelve month low of $35.66 and a twelve month high of $54.94. The firm has a market capitalization of $12.33 billion, a P/E ratio of 24.88, a PEG ratio of 0.86 and a beta of 1.58.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share 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 company had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. On average, research analysts predict that US Foods Holding Corp. will post 2.9 earnings per share 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.