Louisiana State Employees Retirement System Trims Holdings in US Foods Holding Corp. (NYSE:USFD)

Louisiana State Employees Retirement System reduced its stake in US Foods Holding Corp. (NYSE:USFD) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 64,700 shares of the company’s stock after selling 3,100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in US Foods were worth $4,365,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Legacy Wealth Asset Management LLC lifted its stake in US Foods by 4.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after purchasing an additional 160 shares in the last quarter. Bank of Montreal Can lifted its stake in US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock worth $4,022,000 after acquiring an additional 171 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after acquiring an additional 202 shares during the period. CIBC Asset Management Inc grew its position in US Foods by 3.3% in the 3rd quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock valued at $436,000 after acquiring an additional 226 shares in the last quarter. Finally, One Wealth Advisors LLC lifted its position in shares of US Foods by 5.6% during the fourth quarter. One Wealth Advisors LLC now owns 4,327 shares of the company’s stock worth $292,000 after purchasing an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on USFD. Jefferies Financial Group lifted their price objective 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. Morgan Stanley upped their price objective on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Truist Financial lifted their target price on US Foods from $74.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Melius Research upgraded US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, UBS Group increased their price target on US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, US Foods currently has a consensus rating of “Buy” and a consensus price target of $68.92.

US Foods Stock Down 0.1 %

USFD stock opened at $69.62 on Thursday. The stock has a market cap of $16.22 billion, a P/E ratio of 29.88, a PEG ratio of 0.95 and a beta of 1.67. The company has a current ratio of 1.19, a quick ratio of 0.72 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a twelve month low of $45.24 and a twelve month high of $73.00. The company’s 50 day moving average is $69.06 and its two-hundred day moving average is $63.87.

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.