State of New Jersey Common Pension Fund D Buys 21,083 Shares of US Foods Holding Corp. (NYSE:USFD)

State of New Jersey Common Pension Fund D lifted its holdings in US Foods Holding Corp. (NYSE:USFDFree Report) by 18.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 132,480 shares of the company’s stock after purchasing an additional 21,083 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of US Foods worth $5,259,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in US Foods in the 2nd quarter valued at approximately $3,100,000. BlackRock Inc. raised its stake in shares of US Foods by 8.2% during the 2nd quarter. BlackRock Inc. now owns 19,510,948 shares of the company’s stock worth $858,482,000 after purchasing an additional 1,484,983 shares in the last quarter. Hook Mill Capital Partners LP acquired a new stake in US Foods during the 2nd quarter valued at $8,757,000. DLD Asset Management LP acquired a new stake in US Foods during the 2nd quarter valued at $11,000,000. Finally, Teacher Retirement System of Texas lifted its holdings in US Foods by 93.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 152,546 shares of the company’s stock valued at $6,056,000 after purchasing an additional 73,575 shares during the last quarter. Institutional investors own 98.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on US Foods from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. Truist Financial increased their price objective on US Foods from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 18th. Barclays lowered their price objective on US Foods from $51.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, October 23rd. Finally, Morgan Stanley increased their price objective on US Foods from $54.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, November 10th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $49.70.

Read Our Latest Stock Analysis on USFD

Insider Buying and Selling

In related news, Director Scott D. Ferguson sold 3,000,000 shares of US Foods stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $43.87, for a total value of $131,610,000.00. Following the transaction, the director now directly owns 15,932,877 shares of the company’s stock, valued at $698,975,313.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.50% of the stock is owned by insiders.

US Foods Stock Performance

Shares of USFD stock opened at $47.50 on Tuesday. The business’s 50-day moving average price is $45.64 and its 200-day moving average price is $42.17. US Foods Holding Corp. has a 12 month low of $33.96 and a 12 month high of $47.76. The firm has a market capitalization of $11.68 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 0.71 and a beta of 1.57. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.97.

US Foods Profile

(Free Report)

US Foods Holding Corp., through its subsidiary, 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.

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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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