Louisiana State Employees Retirement System Buys New Position in US Foods Holding Corp. (NYSE:USFD)

Louisiana State Employees Retirement System bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,500 shares of the company’s stock, valued at approximately $2,884,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of US Foods in the fourth quarter worth approximately $30,000. NewEdge Advisors LLC boosted its position in shares of US Foods by 67.4% in the first quarter. NewEdge Advisors LLC now owns 708 shares of the company’s stock worth $26,000 after purchasing an additional 285 shares during the period. KB Financial Partners LLC bought a new position in shares of US Foods in the first quarter worth approximately $34,000. Anchor Investment Management LLC bought a new position in shares of US Foods in the fourth quarter worth approximately $47,000. Finally, Fifth Third Bancorp boosted its position 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 purchasing an additional 316 shares during the period. 98.76% of the stock is currently owned by institutional investors.

US Foods Price Performance

US Foods stock opened at $50.55 on Tuesday. The company has a market cap of $12.40 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 0.85 and a beta of 1.58. The firm’s fifty day moving average is $51.45 and its 200 day moving average is $45.80. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $54.94.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The business had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. Sell-side analysts forecast that US Foods Holding Corp. will post 2.91 EPS for the current fiscal year.

Insider Buying and Selling at US Foods

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now 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 is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Truist Financial upped their price target on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. UBS Group raised shares of US Foods from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $47.00 to $64.00 in a report on Tuesday, February 20th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. 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 report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $54.92.

About US Foods

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.