Swiss National Bank Has $20.99 Million Holdings in US Foods Holding Corp. (NYSE:USFD)

Swiss National Bank lowered its stake in US Foods Holding Corp. (NYSE:USFD) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 462,255 shares of the company’s stock after selling 55,600 shares during the quarter. Swiss National Bank owned approximately 0.19% of US Foods worth $20,991,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. bought a new stake in shares of US Foods during the fourth quarter worth $30,000. GAMMA Investing LLC bought a new stake in US Foods during the 4th quarter worth $41,000. Fifth Third Bancorp increased its holdings in US Foods by 36.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock worth $47,000 after purchasing an additional 316 shares in the last quarter. Anchor Investment Management LLC bought a new position in US Foods in the fourth quarter valued at about $47,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of US Foods during the third quarter worth about $61,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Trading Up 0.5 %

NYSE:USFD opened at $52.36 on Thursday. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $54.94. The firm has a 50-day moving average price of $52.16 and a two-hundred day moving average price of $47.33. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.60 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 business had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. On average, equities analysts expect that US Foods Holding Corp. will post 2.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Truist Financial increased their price objective on US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Morgan Stanley lifted their target price on US Foods from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. BTIG Research raised their price objective on US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. upped their target price on US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, US Foods currently has a consensus rating of “Buy” and a consensus price target of $54.92.

Insiders Place Their Bets

In related news, EVP David A. Rickard sold 50,000 shares of the company’s stock in a transaction that occurred 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 owns 148,561 shares in the company, valued at $7,802,423.72. 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.