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

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 11.1% in the 4th quarter, Holdings Channel reports. The fund 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 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of US Foods by 457.4% during the 3rd quarter. SG Americas Securities LLC now owns 50,872 shares of the company’s stock valued at $2,020,000 after acquiring an additional 41,745 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of US Foods by 433.4% in the third quarter. Exchange Traded Concepts LLC now owns 8,620 shares of the company’s stock valued at $342,000 after buying an additional 7,004 shares during the period. Bank of New York Mellon Corp increased its stake in shares of US Foods by 11.3% in the third quarter. Bank of New York Mellon Corp now owns 2,350,684 shares of the company’s stock valued at $93,322,000 after buying an additional 238,898 shares during the period. New York State Teachers Retirement System boosted its position in US Foods by 5.2% during the 3rd quarter. New York State Teachers Retirement System now owns 143,700 shares of the company’s stock worth $5,705,000 after buying an additional 7,110 shares during the period. Finally, JB Capital LLC grew its holdings in US Foods by 19.0% during the 3rd quarter. JB Capital LLC now owns 22,910 shares of the company’s stock worth $910,000 after acquiring an additional 3,652 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on USFD shares. Morgan Stanley lifted their price target on shares of US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. UBS Group raised shares of US Foods from a “neutral” rating to a “buy” rating and increased their target price for the company from $47.00 to $64.00 in a research report on Tuesday, February 20th. Truist Financial boosted their price target on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. BTIG Research increased their price objective on shares of US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, US Foods currently has a consensus rating of “Buy” and an average price target of $54.92.

US Foods Stock Up 0.6 %

Shares of NYSE USFD 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 company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The firm has a market cap of $12.44 billion, a PE ratio of 25.12, a P/E/G ratio of 0.85 and a beta of 1.58. The company’s fifty day simple moving average is $51.80 and its 200 day simple moving average is $46.21.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 2.9 earnings per share 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.