US Foods Holding Corp. (NYSE:USFD) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank increased its stake in US Foods Holding Corp. by 13.4%, ending the first quarter with 69,514 shares valued at approximately $4.55 million.
• Several institutional investors have also grown their holdings in US Foods, with notable increases from Balyasny Asset Management (40.7%) and Northern Trust Corp (25.0%) during the fourth quarter.
• US Foods' stock is rated "Buy" or "Strong-Buy" by multiple analysts, with a recent price target increase from UBS Group to $96.00, reflecting positive market sentiment.

Zurcher Kantonalbank Zurich Cantonalbank increased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 13.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,514 shares of the company's stock after acquiring an additional 8,197 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in US Foods were worth $4,550,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in US Foods by 14.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after buying an additional 1,200 shares during the last quarter. GAMMA Investing LLC boosted its stake in US Foods by 16.0% during the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after buying an additional 478 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in US Foods by 152.6% during the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock valued at $6,858,000 after buying an additional 63,288 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in US Foods by 49.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock valued at $2,731,000 after buying an additional 13,821 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in US Foods by 487.2% during the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after buying an additional 726 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Analyst Ratings Changes

USFD has been the topic of several analyst reports. Morgan Stanley reissued an "overweight" rating and set a $89.00 price objective (up from $84.00) on shares of US Foods in a research note on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. UBS Group boosted their price objective on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Barclays boosted their price objective on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $78.42.

US Foods Stock Down 1.2%

Shares of USFD traded down $1.02 during midday trading on Tuesday, hitting $82.34. 799,542 shares of the company's stock traded hands, compared to its average volume of 2,200,956. US Foods Holding Corp. has a 1 year low of $50.49 and a 1 year high of $85.11. The firm's fifty day moving average is $79.26 and its 200-day moving average is $72.01. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $19.05 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a net margin of 1.38% and a return on equity of 15.58%. The business had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. During the same quarter in the prior year, the company posted $0.54 EPS. The business's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Transactions at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president owned 115,077 shares in the company, valued at $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by company insiders.

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.