Credit Suisse AG Acquires 14,283 Shares of US Foods Holding Corp. (NYSE:USFD)

Credit Suisse AG grew its holdings in US Foods Holding Corp. (NYSE:USFDGet Rating) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 207,710 shares of the company’s stock after acquiring an additional 14,283 shares during the quarter. Credit Suisse AG owned 0.09% of US Foods worth $5,493,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of USFD. Twin Tree Management LP boosted its position in shares of US Foods by 157.6% in the third quarter. Twin Tree Management LP now owns 1,482 shares of the company’s stock valued at $39,000 after acquiring an additional 4,056 shares during the period. Costello Asset Management INC bought a new position in US Foods in the third quarter worth $42,000. Northwestern Mutual Wealth Management Co. lifted its position in US Foods by 53.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,492 shares of the company’s stock worth $45,000 after purchasing an additional 519 shares during the period. Covestor Ltd lifted its position in US Foods by 744.8% in the first quarter. Covestor Ltd now owns 1,639 shares of the company’s stock worth $62,000 after purchasing an additional 1,445 shares during the period. Finally, SRS Capital Advisors Inc. lifted its position in US Foods by 1,423.1% in the third quarter. SRS Capital Advisors Inc. now owns 2,574 shares of the company’s stock worth $68,000 after purchasing an additional 2,405 shares during the period. 97.06% of the stock is owned by institutional investors.

US Foods Stock Performance

Shares of NYSE:USFD opened at $37.85 on Monday. US Foods Holding Corp. has a twelve month low of $25.49 and a twelve month high of $39.75. The firm has a market cap of $8.49 billion, a PE ratio of 37.85 and a beta of 1.46. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 1.37. The business has a fifty day moving average of $36.72 and a 200-day moving average of $33.07.

Insider Activity

In other news, EVP Jay Kvasnicka sold 2,590 shares of the firm’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $38.01, for a total value of $98,445.90. Following the completion of the sale, the executive vice president now directly owns 63,049 shares in the company, valued at $2,396,492.49. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Jay Kvasnicka sold 2,590 shares of the firm’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $38.01, for a total value of $98,445.90. Following the transaction, the executive vice president now owns 63,049 shares in the company, valued at $2,396,492.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sunil Gupta sold 5,756 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $39.29, for a total value of $226,153.24. Following the completion of the transaction, the director now owns 17,802 shares in the company, valued at approximately $699,440.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,152 shares of company stock worth $2,676,317. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler raised their target price on US Foods to $38.00 in a research report on Wednesday, November 16th. BMO Capital Markets raised their target price on US Foods from $45.00 to $50.00 in a research report on Friday, February 17th. Credit Suisse Group increased their price objective on US Foods from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th. TheStreet upgraded US Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, December 6th. Finally, Truist Financial increased their price objective on US Foods to $43.00 in a research note on Wednesday, November 16th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.90.

US Foods Profile

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US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.

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

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