The Swiss National Bank increases its stake in US Foods Holding Corp. (NYSE:USFD)


The Swiss National Bank has increased its stake in the shares of US Foods Holding Corp. (NYSE: USFD – Get Rating) by 7.7% in Q1, according to the company in its latest 13F filing with the SEC. The institutional investor held 500,455 shares of the company after purchasing an additional 35,800 shares during the quarter. The Swiss National Bank held 0.22% of US Foods worth $18,832,000 at the end of the last quarter.

Other institutional investors and hedge funds have also recently changed their positions in the company. Allspring Global Investments Holdings LLC bought a new position in US Foods in Q4 for $913,000. Yousif Capital Management LLC acquired a new position in US Foods in the 4th quarter for a value of $426,000. Oppenheimer Asset Management Inc. increased its position in US Foods by 31.7% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,199 shares of the company worth $460,000 after purchasing 3,176 additional shares during the period. Nisa Investment Advisors LLC increased its position in US Foods by 425.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 60,400 shares of the company worth $2,130,000 after purchasing an additional 48,900 shares during the period. Finally, Virginia Retirement Systems ET AL increased its position in US Foods by 4.1% in the 4th quarter. Virginia Retirement Systems ET AL now owns 20,400 shares of the company worth $711,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 97.60% of the company’s shares.

US foods trade down 0.6%

NYSE USFD shares opened at $33.06 on Tuesday. U.S. Foods Holding Corp. has a 1-year low of $27.48 and a 1-year high of $39.73. The stock has a market capitalization of $7.40 billion, a P/E ratio of 47.23 and a beta of 1.39. The company has a 50-day moving average of $31.27 and a 200-day moving average of $34.38. The company has a debt ratio of 1.29, a current ratio of 1.37 and a quick ratio of 0.77.

US Foods (NYSE:USFD – Get Rating) last released its quarterly results on Thursday, August 11. The company reported earnings per share (EPS) of $0.67 for the quarter, beating consensus analyst estimates of $0.63 by $0.04. US Foods had a net margin of 0.61% and a return on equity of 12.19%. The company posted revenue of $8.83 billion in the quarter, versus $8.70 billion expected by analysts. During the same period last year, the company posted EPS of $0.58. US Foods revenue increased 15.2% year over year. As a group, sell-side analysts expect US Foods Holding Corp. shows an EPS of 2.1 for the current financial year.

Insiders place their bets

In other US Foods news, Executive Vice President Steven Guberman sold 75,079 shares of US Foods in a trade dated Thursday, May 26. The shares were sold at an average price of $32.50, for a total value of $2,440,067.50. Following the completion of the transaction, the executive vice president now directly owns 118,808 shares of the company, valued at $3,861,260. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. In other US Foods news, Executive Vice President Steven Guberman sold 75,079 shares of US Foods in a trade dated Thursday, May 26. The shares were sold at an average price of $32.50, for a total value of $2,440,067.50. Following the completion of the transaction, the executive vice president now directly owns 118,808 shares of the company, valued at $3,861,260. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Pietro Satriano sold 40,000 shares of US Foods in a trade dated Wednesday, May 18. The stock was sold at an average price of $33.33, for a total transaction of $1,333,200.00. Following completion of the transaction, the administrator now directly owns 594,159 shares of the company, valued at $19,803,319.47. The disclosure of this sale can be found here. Insiders of the company own 1.00% of the shares of the company.

Changes to analyst ratings

A number of brokerages have published reports on USFD. Barclays raised its price target on US Foods shares to $36.00 in a report on Monday. Truist Financial cut its price target on US Foods shares from $45.00 to $41.00 in a report on Friday. StockNews.com upgraded US Foods shares from a “hold” rating to a “buy” rating in a Friday, April 22 report. Morgan Stanley raised its price target on US Foods shares from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, CL King raised its price target on US Foods shares from $41.00 to $43.00 in a Monday, May 2 report. Three investment analysts gave the stock a hold rating and eight gave the company a buy rating. Based on data from MarketBeat.com, US Foods currently has a consensus rating of “Moderate Buy” and an average target price of $43.30.

American Food Profile

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US Foods Holding Corp., through its subsidiary US Foods, Inc., markets and distributes fresh, frozen and dry food and non-food products to foodservice customers in the United States. The company’s customers include single and multi-unit independent restaurants, regional concepts, national restaurant chains, hospitals, retirement homes, hotels and motels, country clubs, government and military organizations, colleges and universities and outlets.

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Want to see which other hedge funds hold USFDs? Visit HoldingsChannel.com for the latest 13F filings and insider trading for US Foods Holding Corp. (NYSE:USFD – Get Rating).

Institutional Ownership by Quarter for US Foods (NYSE: USFD)



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