Texas Permanent School Fund Corp Cuts Stock Position in US Foods Holding Corp. $USFD

by · The Markets Daily

Texas Permanent School Fund Corp decreased its holdings in US Foods Holding Corp. (NYSE:USFD – Free Report) by 17.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,219 shares of the company’s stock after selling 20,047 shares during the quarter. Texas Permanent School Fund Corp’s holdings in US Foods were worth $7,487,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in USFD. Norges Bank acquired a new stake in US Foods during the 2nd quarter worth approximately $184,413,000. Primecap Management Co. CA increased its position in shares of US Foods by 84.4% during the second quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock worth $275,750,000 after acquiring an additional 1,639,310 shares during the period. AQR Capital Management LLC raised its stake in shares of US Foods by 120.3% in the first quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock valued at $162,853,000 after acquiring an additional 1,385,521 shares in the last quarter. Parnassus Investments LLC purchased a new position in US Foods in the first quarter valued at $64,199,000. Finally, Holocene Advisors LP acquired a new position in US Foods during the 2nd quarter worth $64,220,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USFD has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a research report on Monday, December 8th. Piper Sandler upped their target price on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Barclays decreased their price target on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $82.00.

Check Out Our Latest Stock Analysis on US Foods

US Foods Stock Performance

Shares of US Foods stock opened at $76.13 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. US Foods Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.11. The firm’s 50 day moving average is $74.78 and its two-hundred day moving average is $77.29. The firm has a market capitalization of $16.97 billion, a P/E ratio of 31.72, a P/E/G ratio of 1.03 and a beta of 1.03.

US Foods (NYSE:USFD – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity

In other US Foods news, insider Steven Guberman sold 58,632 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the transaction, the insider owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. This trade represents a 34.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

US Foods Profile

(Free Report)

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.

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