California Public Employees Retirement System lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 509,774 shares of the company’s stock after acquiring an additional 17,165 shares during the period. California Public Employees Retirement System owned approximately 0.23% of US Foods worth $11,327,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. FMR LLC grew its position in US Foods by 28.8% in the second quarter. FMR LLC now owns 27,733,188 shares of the company’s stock valued at $546,899,000 after purchasing an additional 6,198,930 shares in the last quarter. Clarkston Capital Partners LLC grew its position in US Foods by 209.3% in the second quarter. Clarkston Capital Partners LLC now owns 3,360,100 shares of the company’s stock valued at $66,261,000 after purchasing an additional 2,273,797 shares in the last quarter. Nordea Investment Management AB grew its position in US Foods by 102.1% in the second quarter. Nordea Investment Management AB now owns 2,775,086 shares of the company’s stock valued at $54,780,000 after purchasing an additional 1,402,094 shares in the last quarter. Two Sigma Advisers LP grew its position in US Foods by 5.5% in the second quarter. Two Sigma Advisers LP now owns 1,721,013 shares of the company’s stock valued at $33,938,000 after purchasing an additional 90,000 shares in the last quarter. Finally, King Street Capital Management L.P. bought a new position in US Foods in the second quarter valued at $31,552,000. 90.11% of the stock is owned by institutional investors.

In related news, insider Andrew E. Iacobucci sold 14,468 shares of the firm’s stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $29.92, for a total transaction of $432,882.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Pietro Satriano sold 57,900 shares of the firm’s stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $30.51, for a total transaction of $1,766,529.00. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on USFD. ValuEngine raised shares of US Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, November 11th. Credit Suisse Group increased their price target on shares of US Foods from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, November 3rd. Zacks Investment Research upgraded shares of US Foods from a “sell” rating to a “hold” rating in a research note on Friday, November 13th. Morgan Stanley increased their price target on shares of US Foods from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 3rd. Finally, Wolfe Research started coverage on shares of US Foods in a research note on Tuesday, September 22nd. They issued an “outperform” rating and a $28.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.00.

NYSE USFD opened at $30.01 on Friday. The firm has a 50-day moving average of $24.97 and a 200-day moving average of $22.27. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.13 and a current ratio of 1.62. The stock has a market cap of $6.63 billion, a PE ratio of -214.34 and a beta of 1.47. US Foods Holding Corp. has a 52-week low of $8.32 and a 52-week high of $42.28.

US Foods (NYSE:USFD) last posted its earnings results on Monday, November 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.91 billion. US Foods had a positive return on equity of 7.25% and a negative net margin of 0.11%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. As a group, analysts predict that US Foods Holding Corp. will post 0.42 EPS for the current fiscal year.

About US Foods

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes 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.

See Also: How liquidity affects the bid-ask spread

Institutional Ownership by Quarter for US Foods (NYSE:USFD)

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.