Zurcher Kantonalbank Zurich Cantonalbank Raises Position in US Foods Holding Corp. (NYSE:USFD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,317 shares of the company’s stock after buying an additional 10,502 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in US Foods were worth $4,136,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Retirement Systems of Alabama boosted its holdings in US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company’s stock worth $21,462,000 after acquiring an additional 17,897 shares during the last quarter. State Street Corp grew its position in US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock worth $433,299,000 after purchasing an additional 316,061 shares in the last quarter. Longbow Finance SA purchased a new stake in US Foods in the 4th quarter valued at about $9,001,000. Oppenheimer Asset Management Inc. lifted its position in shares of US Foods by 121.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company’s stock worth $3,164,000 after buying an additional 28,232 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of US Foods in the 3rd quarter worth approximately $1,141,000. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on USFD. StockNews.com lowered US Foods from a “strong-buy” rating to a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their price target on shares of US Foods from $79.00 to $82.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Morgan Stanley lifted their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Truist Financial increased their target price on shares of US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Barclays lifted their price target on shares of US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, US Foods currently has a consensus rating of “Buy” and an average price target of $70.33.

US Foods Stock Performance

NYSE:USFD opened at $65.50 on Friday. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The business’s fifty day moving average is $69.13 and its 200 day moving average is $65.98. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market cap of $15.09 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling at US Foods

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the transaction, the director now owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

About US Foods

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.