Zurcher Kantonalbank Zurich Cantonalbank Has $4.14 Million Stake in US Foods Holding Corp. (NYSE:USFD)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 20.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,317 shares of the company’s stock after acquiring 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 reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of US Foods during the fourth quarter worth about $34,000. Huntington National Bank boosted its position in US Foods by 332.5% during the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock worth $33,000 after buying an additional 409 shares during the period. First Horizon Advisors Inc. grew its holdings in US Foods by 54.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock worth $35,000 after acquiring an additional 202 shares during the last quarter. Venturi Wealth Management LLC increased its position in US Foods by 72.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 657 shares of the company’s stock valued at $40,000 after acquiring an additional 275 shares during the period. Finally, Assetmark Inc. raised its stake in shares of US Foods by 66,100.0% during the third quarter. Assetmark Inc. now owns 662 shares of the company’s stock valued at $41,000 after acquiring an additional 661 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on USFD shares. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Piper Sandler increased their price target on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. UBS Group lifted their price objective on US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. 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, Jefferies Financial Group upped their price objective on shares of US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $70.33.

Insider Activity

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

US Foods Stock Up 2.9 %

Shares of NYSE USFD opened at $65.50 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The firm has a market cap of $15.09 billion, a PE ratio of 32.42, a P/E/G ratio of 1.03 and a beta of 1.65. The company’s fifty day simple moving average is $69.13 and its 200 day simple moving average is $65.98. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.47 billion. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

US Foods 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.