Retirement Systems of Alabama Boosts Stake in US Foods Holding Corp. (NYSE:USFD)

Retirement Systems of Alabama grew its position in shares of US Foods Holding Corp. (NYSE:USFD) by 45.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 506,453 shares of the company’s stock after acquiring an additional 157,474 shares during the period. Retirement Systems of Alabama owned about 0.22% of US Foods worth $34,165,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after buying an additional 316,061 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of US Foods by 121.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after buying an additional 28,232 shares during the last quarter. Jag Capital Management LLC lifted its position in US Foods by 3,175.1% in the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company’s stock valued at $10,407,000 after acquiring an additional 164,060 shares in the last quarter. Venturi Wealth Management LLC lifted its position in US Foods by 72.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock valued at $40,000 after acquiring an additional 275 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in US Foods in the 3rd quarter valued at approximately $1,141,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

Shares of USFD opened at $72.00 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a 52 week low of $45.24 and a 52 week high of $72.84. The business has a 50-day simple moving average of $69.08 and a two-hundred day simple moving average of $63.23. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 0.95 and a beta of 1.67.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on USFD shares. UBS Group upped their price objective on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Melius started coverage on US Foods in a research report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective on the stock. Morgan Stanley upped their price objective on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. increased their price target on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $68.92.

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.