Public Employees Retirement Association Of Colorado Acquires 40,212 Shares Of US Foods Holding Corp Shares. (NYSE: USFD)

Public Employees Retirement Association of Colorado raised its holdings in US Foods Holding Corp in the 2nd quarter. (NYSE:USFD – Free Report) by 9.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 481,617 shares of the company’s stock after acquiring an additional 40,212 shares during the period. Public Employees Retirement Association of Colorado’s holdings in US Foods were worth $25,516,000 at the end of the most recent quarter.

Other hedge funds have recently modified their positions in the company. Acadian Asset Management LLC bought a new position in shares of US Foods in the second quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new position in US Foods in the first quarter valued at about $27,000. Rise Advisors LLC bought a new position in US Foods in the first quarter valued at about $30,000. International Assets Investment Management LLC purchased a new position in shares of US Foods in the second quarter valued at about $30,000. Finally, Headlands Technologies LLC bought a new stake in shares of US Foods in the first quarter worth about $50,000. 98.76% of shares are owned by institutional investors.

Insider buying and selling

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. 0.70% of the stock is owned by insiders.

US grocery trade down 0.6%

Shares of NYSE USFD opened at $61.58 on Friday. The stock has a market cap of $15.06 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. The firm has a 50 day moving average price of $56.07 and a two hundred day moving average price of $53.91. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81, and a current ratio of 1.29. US Foods Holding Corp. it has a 52-week low of $35.66 and a 52-week high of $62.34.

US Foods (NYSE:USFD – Get Free Report ) last announced its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The business had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. During the same period last year, the company earned $0.73 EPS. US Foods’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, stock analysts forecast that US Foods Holding Corp. will record 2.9 EPS for the current year.

Analysts on Wall Street are forecasting an increase

A number of brokerages recently issued reports on USFD. JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. StockNews.com cut US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 14th. Wells Fargo & Company boosted their price objective on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday. Truist Financial boosted their price target on US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Finally, Piper Sandler upped their target price on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, June 7th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat , the stock has an average rating of “Moderate Buy” and an average target price of $66.40.

Check out our latest report on US food

US Foods Company Profile

(Free Report)

US Foods Holding Corp., together with its subsidiaries, engages in the marketing, sale and distribution of fresh, frozen and dried food and non-food products to food service customers in the United States. The company’s customers include 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.

Further reading

Want to see what other hedge funds USFD owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for US Foods Holding Corp. (NYSE:USFD – Free Report).

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