Public Employees Retirement Association of Colorado Buys 413,991 Shares of US Foods Holding Corp. (NYSE:USFD)

Public Employees Retirement Association of Colorado lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 1,510.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,405 shares of the company’s stock after purchasing an additional 413,991 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.18% of US Foods worth $23,823,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of US Foods by 3.6% during the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after buying an additional 796,434 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of US Foods by 98.2% in the 4th quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock worth $418,711,000 after buying an additional 4,569,002 shares during the last quarter. Dorsal Capital Management LP increased its stake in shares of US Foods by 2.0% during the fourth quarter. Dorsal Capital Management LP now owns 5,000,000 shares of the company’s stock valued at $227,050,000 after buying an additional 100,000 shares during the period. Bessemer Group Inc. raised its holdings in shares of US Foods by 1.7% during the first quarter. Bessemer Group Inc. now owns 4,454,515 shares of the company’s stock valued at $240,409,000 after acquiring an additional 75,132 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of US Foods by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,058,493 shares of the company’s stock worth $184,296,000 after purchasing an additional 26,315 shares during the period. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on USFD shares. Truist Financial raised their target price on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Morgan Stanley increased their price objective on shares of US Foods from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Piper Sandler raised their target price on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. JPMorgan Chase & Co. upped their price target on shares of US Foods from $52.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Finally, UBS Group boosted their price target on US Foods from $64.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 10th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $62.00.

US Foods Trading Up 0.6 %

USFD traded up $0.31 during trading hours on Monday, reaching $53.00. 789,943 shares of the company’s stock traded hands, compared to its average volume of 1,751,925. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $52.89 and a 200 day moving average price of $51.39. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $55.98. The firm has a market capitalization of $13.03 billion, a PE ratio of 26.20, a PEG ratio of 0.86 and a beta of 1.62.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). US Foods had a return on equity of 13.08% and a net margin of 1.41%. The company had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.93 billion. As a group, sell-side analysts predict that US Foods Holding Corp. will post 2.94 EPS for the current fiscal year.

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.