US Foods Holding Corp. (NYSE:USFD) Shares Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lifted its position in shares of US Foods Holding Corp. (NYSE:USFD) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,736 shares of the company’s stock after purchasing an additional 4,936 shares during the period. New Mexico Educational Retirement Board’s holdings in US Foods were worth $3,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System increased its position in US Foods by 3.7% in the 4th quarter. New York State Teachers Retirement System now owns 145,163 shares of the company’s stock valued at $9,793,000 after acquiring an additional 5,123 shares during the period. Allspring Global Investments Holdings LLC increased its position in US Foods by 2.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock valued at $588,000 after acquiring an additional 206 shares during the period. Savant Capital LLC increased its position in US Foods by 35.8% in the 4th quarter. Savant Capital LLC now owns 6,932 shares of the company’s stock valued at $468,000 after acquiring an additional 1,829 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in US Foods in the 4th quarter valued at about $560,000. Finally, Silver Oak Securities Incorporated increased its position in US Foods by 145.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 16,817 shares of the company’s stock valued at $1,138,000 after acquiring an additional 9,965 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Price Performance

Shares of NYSE:USFD opened at $71.25 on Friday. The business’s 50 day simple moving average is $69.02 and its 200-day simple moving average is $64.11. The firm has a market capitalization of $16.60 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. US Foods Holding Corp. has a 12 month low of $45.24 and a 12 month high of $73.00.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 14.15% and a net margin of 1.54%. The firm had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.47 billion. As a group, equities analysts forecast that US Foods Holding Corp. will post 2.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on USFD shares. UBS Group boosted their price target on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial boosted their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday. Barclays lifted their price objective on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday. Melius Research raised US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, Piper Sandler lifted their price objective on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, US Foods has an average rating of “Buy” and an average price target of $70.17.

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.