Teacher Retirement System of Texas Boosts Holdings in US Foods Holding Corp. (NYSE:USFD)

Teacher Retirement System of Texas increased its holdings in US Foods Holding Corp. (NYSE:USFD) by 56.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,414 shares of the company’s stock after buying an additional 70,441 shares during the quarter. Teacher Retirement System of Texas’ holdings in US Foods were worth $13,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Legacy Wealth Asset Management LLC boosted its holdings in shares of US Foods by 4.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after buying an additional 160 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of US Foods by 0.3% in the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock worth $4,549,000 after buying an additional 170 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of US Foods by 0.3% in the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after buying an additional 171 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock worth $32,000 after buying an additional 178 shares during the last quarter. Finally, Vestcor Inc boosted its holdings in shares of US Foods by 1.0% in the fourth quarter. Vestcor Inc now owns 20,200 shares of the company’s stock worth $1,363,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Trading Up 1.5 %

US Foods stock opened at $64.36 on Friday. The firm’s 50 day moving average price is $68.85 and its 200-day moving average price is $66.13. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The stock has a market cap of $14.83 billion, a P/E ratio of 31.86, a PEG ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. On average, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director David W. Bullock acquired 4,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Jefferies Financial Group lifted their price target on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Melius assumed coverage on shares of US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 price target on the stock. Morgan Stanley lifted their price target on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $71.09.

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.