US Foods Holding Corp. $USFD Holdings Reduced by Swiss National Bank

Swiss National Bank lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 440,455 shares of the company’s stock after selling 10,900 shares during the period. Swiss National Bank’s holdings in US Foods were worth $33,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Securian Asset Management Inc. boosted its position in US Foods by 0.7% during the 2nd quarter. Securian Asset Management Inc. now owns 17,618 shares of the company’s stock worth $1,357,000 after acquiring an additional 121 shares during the period. SageView Advisory Group LLC boosted its holdings in shares of US Foods by 3.9% in the first quarter. SageView Advisory Group LLC now owns 4,096 shares of the company’s stock valued at $268,000 after acquiring an additional 153 shares in the last quarter. UMB Bank n.a. increased its stake in shares of US Foods by 7.9% during the second quarter. UMB Bank n.a. now owns 2,644 shares of the company’s stock valued at $204,000 after acquiring an additional 193 shares during the period. V Square Quantitative Management LLC raised its holdings in US Foods by 58.7% during the second quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock worth $42,000 after purchasing an additional 200 shares in the last quarter. Finally, Intrust Bank NA lifted its position in US Foods by 3.8% in the second quarter. Intrust Bank NA now owns 5,437 shares of the company’s stock worth $419,000 after purchasing an additional 201 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Steven Guberman sold 58,632 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the completion of the sale, the insider directly owned 113,410 shares of the company’s stock, valued at $8,165,520. This represents a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. Piper Sandler raised their target price on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. UBS Group lifted their target price on US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Guggenheim raised their price objective on shares of US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $82.00.

US Foods Stock Performance

US Foods stock opened at $76.59 on Tuesday. US Foods Holding Corp. has a fifty-two week low of $57.36 and a fifty-two week high of $85.11. The firm’s 50 day simple moving average is $74.83 and its 200-day simple moving average is $77.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70. The company has a market cap of $17.07 billion, a P/E ratio of 31.91, a price-to-earnings-growth ratio of 0.96 and a beta of 1.34.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.02. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. As a group, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

US Foods 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.