Swiss National Bank Trims Stock Position in US Foods Holding Corp. (NYSE:USFD)

Swiss National Bank trimmed its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 462,255 shares of the company’s stock after selling 55,600 shares during the quarter. Swiss National Bank’s holdings in US Foods were worth $20,991,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LGT Group Foundation grew its position in shares of US Foods by 18.2% during the 4th quarter. LGT Group Foundation now owns 77,139 shares of the company’s stock valued at $3,516,000 after acquiring an additional 11,851 shares during the period. New York Life Investment Management LLC increased its position in US Foods by 4.9% in the fourth quarter. New York Life Investment Management LLC now owns 25,968 shares of the company’s stock worth $1,179,000 after buying an additional 1,220 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of US Foods by 98.2% in the fourth quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock worth $418,711,000 after buying an additional 4,569,002 shares during the period. Truist Financial Corp raised its stake in shares of US Foods by 21.0% in the fourth quarter. Truist Financial Corp now owns 56,156 shares of the company’s stock worth $2,550,000 after buying an additional 9,751 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of US Foods during the 4th quarter valued at approximately $41,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Trading Up 0.5 %

USFD stock opened at $52.36 on Thursday. US Foods Holding Corp. has a fifty-two week low of $35.66 and a fifty-two week high of $54.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30. The firm has a fifty day moving average price of $52.16 and a 200 day moving average price of $47.33. The firm has a market cap of $12.84 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The business had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $8.81 billion. US Foods had a return on equity of 13.41% and a net margin of 1.42%. Sell-side analysts anticipate that US Foods Holding Corp. will post 2.92 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the sale, the executive vice president now 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 this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

USFD has been the topic of a number of recent analyst reports. Truist Financial raised their target price on shares of US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. BTIG Research raised their price target on US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. BMO Capital Markets upped their price objective on US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. Finally, Piper Sandler raised US Foods from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $59.00 in a research note 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. According to data from MarketBeat.com, the stock 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.