Swiss National Bank grew its stake in US Foods Holding Corp. (NYSE:USFD – Free Report) by 1.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 448,555 shares of the company’s stock after acquiring an additional 8,100 shares during the quarter. Swiss National Bank’s holdings in US Foods were worth $34,368,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in US Foods by 2.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,134,905 shares of the company’s stock valued at $472,449,000 after acquiring an additional 161,749 shares during the period. Geode Capital Management LLC boosted its stake in shares of US Foods by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,986,397 shares of the company’s stock valued at $307,044,000 after purchasing an additional 52,361 shares in the last quarter. Primecap Management Co. CA grew its holdings in shares of US Foods by 5.9% in the 3rd quarter. Primecap Management Co. CA now owns 3,793,209 shares of the company’s stock worth $290,636,000 after purchasing an additional 212,499 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of US Foods by 12.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,207,416 shares of the company’s stock worth $247,003,000 after purchasing an additional 354,747 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its position in shares of US Foods by 34.7% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 2,971,782 shares of the company’s stock worth $230,610,000 after purchasing an additional 765,042 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.
US Foods Price Performance
Shares of US Foods stock traded up $0.09 during midday trading on Friday, reaching $92.70. The company had a trading volume of 490,848 shares, compared to its average volume of 2,870,418. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $88.04 and a 200 day simple moving average of $80.13. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $102.13. The company has a market capitalization of $20.44 billion, a price-to-earnings ratio of 31.51, a price-to-earnings-growth ratio of 1.12 and a beta of 0.98.
Insider Transactions at US Foods
In related news, insider James David Works, Jr. sold 65,737 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $96.52, for a total value of $6,344,935.24. Following the transaction, the insider owned 88,176 shares in the company, valued at $8,510,747.52. This trade represents a 42.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have commented on USFD. Guggenheim boosted their price target on shares of US Foods from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Wells Fargo & Company lifted their target price on shares of US Foods from $87.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Sanford C. Bernstein reissued an “outperform” rating and issued a $106.00 target price on shares of US Foods in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $111.00 price target on US Foods and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, Piper Sandler downgraded US Foods from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $85.00 to $103.00 in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.33.
Read Our Latest Research Report on USFD
US Foods Company Profile
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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