State of Alaska Department of Revenue Increases Stake in US Foods Holding Corp. (NYSE:USFD)

State of Alaska Department of Revenue lifted its stake in US Foods Holding Corp. (NYSE:USFD) by 0.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,995 shares of the company’s stock after purchasing an additional 435 shares during the quarter. State of Alaska Department of Revenue’s holdings in US Foods were worth $4,385,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Arizona State Retirement System raised its position in shares of US Foods by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company’s stock valued at $4,549,000 after purchasing an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. GeoWealth Management LLC raised its position in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Vestcor Inc raised its position in US Foods by 1.0% during the 4th quarter. Vestcor Inc now owns 20,200 shares of the company’s stock worth $1,363,000 after buying an additional 195 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in US Foods by 2.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock worth $588,000 after buying an additional 206 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the sale, the executive vice president now owns 115,077 shares of the company’s stock, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group raised their price target on shares of US Foods from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Barclays raised their price target on shares of US Foods from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Guggenheim reissued a “buy” rating and set a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. JPMorgan Chase & Co. raised their price target on shares of US Foods from $70.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 24th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $76.75.

US Foods Price Performance

Shares of NYSE USFD opened at $76.40 on Friday. The stock has a market capitalization of $17.68 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 1.09 and a beta of 1.44. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $79.64. The firm’s 50 day simple moving average is $72.11 and its 200-day simple moving average is $69.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). The firm had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. US Foods’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current 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.