VIRGINIA RETIREMENT SYSTEMS ET Al Invests $2.42 Million in US Foods Holding Corp. $USFD

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 31,409 shares of the company’s stock, valued at approximately $2,419,000.

Several other institutional investors have also made changes to their positions in the business. Boston Partners boosted its position in shares of US Foods by 29.1% during the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock valued at $1,076,225,000 after acquiring an additional 3,713,345 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of US Foods by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock valued at $774,806,000 after acquiring an additional 426,288 shares in the last quarter. Invesco Ltd. boosted its position in shares of US Foods by 21.8% during the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock valued at $493,964,000 after acquiring an additional 1,350,034 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of US Foods by 120.3% during the 1st 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. Finally, Primecap Management Co. CA boosted its position in shares of US Foods by 194.6% during the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company’s stock valued at $127,084,000 after acquiring an additional 1,282,379 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

USFD has been the topic of several recent research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of US Foods in a research report on Friday, August 8th. Guggenheim boosted their price target on shares of US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “buy (b+)” rating on shares of US Foods in a research report on Tuesday, October 14th. Finally, UBS Group boosted their price target on shares of US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $81.27.

US Foods Price Performance

NYSE:USFD opened at $76.25 on Wednesday. US Foods Holding Corp. has a 12 month low of $57.36 and a 12 month high of $85.11. The firm has a market cap of $17.17 billion, a PE ratio of 32.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The company’s 50-day moving average price is $77.18 and its two-hundred day moving average price is $75.58.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $10.17 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, equities analysts anticipate that US Foods Holding Corp. will post 3.59 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.