Zurcher Kantonalbank Zurich Cantonalbank Has $2.27 Million Stock Position in US Foods Holding Corp. (NYSE:USFD)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in US Foods Holding Corp. (NYSE:USFD) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,907 shares of the company’s stock after buying an additional 4,983 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in US Foods were worth $2,266,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its holdings in shares of US Foods by 138.6% in the 4th quarter. State of Alaska Department of Revenue now owns 64,425 shares of the company’s stock worth $2,925,000 after acquiring an additional 37,425 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of US Foods by 7.5% during the third quarter. Wellington Management Group LLP now owns 2,870,370 shares of the company’s stock worth $113,954,000 after purchasing an additional 199,269 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in shares of US Foods in the fourth quarter valued at $1,269,000. Nordea Investment Management AB raised its holdings in shares of US Foods by 102.1% in the fourth quarter. Nordea Investment Management AB now owns 109,958 shares of the company’s stock valued at $4,991,000 after buying an additional 55,554 shares during the last quarter. Finally, Oak Thistle LLC acquired a new position in US Foods during the 4th quarter worth about $1,639,000. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling at US Foods

In other news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.

US Foods Stock Up 0.6 %

Shares of US Foods stock opened at $50.74 on Wednesday. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $54.94. The business has a fifty day simple moving average of $51.80 and a 200 day simple moving average of $46.21. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The stock has a market cap of $12.44 billion, a PE ratio of 25.12, a price-to-earnings-growth ratio of 0.85 and a beta of 1.58.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The company had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. Research analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on USFD shares. Truist Financial raised their price objective on shares of US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. UBS Group raised US Foods from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $64.00 in a report on Tuesday, February 20th. BTIG Research lifted their target price on US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. BMO Capital Markets upped their price target on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Finally, Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, US Foods presently has a consensus rating of “Buy” and a consensus price target of $54.92.

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.