Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

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 grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 13.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 69,514 shares of the company's stock after acquiring an additional 8,197 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in US Foods were worth $4,550,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Colonial Trust Co SC acquired a new position in US Foods during the fourth quarter valued at $25,000. GeoWealth Management LLC raised its holdings in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after buying an additional 189 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in US Foods during the 4th quarter valued at $32,000. True Wealth Design LLC boosted its position in US Foods by 153.6% in the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after buying an additional 298 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of US Foods by 487.2% in the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after purchasing an additional 726 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Stock Performance

USFD stock traded down $0.05 on Friday, hitting $83.28. The company had a trading volume of 1,898,482 shares, compared to its average volume of 2,330,051. US Foods Holding Corp. has a 12-month low of $50.49 and a 12-month high of $85.11. 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's 50-day simple moving average is $79.11 and its 200 day simple moving average is $71.88. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 38.20, a P/E/G ratio of 1.21 and a beta of 1.44.

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

Insider Buying and Selling at US Foods

In other news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following 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 through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

USFD has been the topic of several recent analyst reports. Wells Fargo & Company reiterated an "overweight" rating on shares of US Foods in a report on Sunday, July 13th. UBS Group boosted their price target on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. upped their target price on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Guggenheim restated a "buy" rating and issued a $80.00 price objective on shares of US Foods in a report on Monday, May 12th. Finally, Morgan Stanley reissued an "overweight" rating and set a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research report on Monday, July 14th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $78.42.

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.