Credit Suisse AG Has $42.83 Million Position in US Foods Holding Corp (USFD)
Credit Suisse AG boosted its stake in shares of US Foods Holding Corp (NASDAQ:USFD) by 75.8% during the first quarter, Holdings Channel reports. The fund owned 1,530,788 shares of the company’s stock after buying an additional 660,082 shares during the period. Credit Suisse AG’s holdings in US Foods Holding Corp were worth $42,831,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of US Foods Holding Corp during the first quarter worth about $105,000. UBS Group AG increased its stake in shares of US Foods Holding Corp by 255.6% in the first quarter. UBS Group AG now owns 7,280 shares of the company’s stock worth $204,000 after buying an additional 5,233 shares in the last quarter. Marathon Trading Investment Management LLC bought a new stake in shares of US Foods Holding Corp during the first quarter worth about $218,000. Teacher Retirement System of Texas bought a new stake in shares of US Foods Holding Corp during the first quarter worth about $220,000. Finally, Pacer Advisors Inc. increased its stake in shares of US Foods Holding Corp by 18.9% in the first quarter. Pacer Advisors Inc. now owns 9,049 shares of the company’s stock worth $253,000 after buying an additional 1,438 shares in the last quarter.
US Foods Holding Corp (NASDAQ:USFD) traded down 1.25% during mid-day trading on Thursday, hitting $27.60. 1,628,679 shares of the stock were exchanged. US Foods Holding Corp has a 52-week low of $22.19 and a 52-week high of $30.73. The stock’s 50 day moving average is $29.17 and its 200 day moving average is $27.58. The stock has a market cap of $6.13 billion and a PE ratio of 26.87.
US Foods Holding Corp (NASDAQ:USFD) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.78 billion. US Foods Holding Corp had a net margin of 0.46% and a return on equity of 4.21%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts forecast that US Foods Holding Corp will post $1.34 EPS for the current fiscal year.
USFD has been the topic of a number of research reports. Guggenheim reiterated a “buy” rating and issued a $33.00 price target (up from $30.00) on shares of US Foods Holding Corp in a report on Monday, May 15th. Zacks Investment Research upgraded shares of US Foods Holding Corp from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Pivotal Research lifted their price target on shares of US Foods Holding Corp from $25.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, May 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $32.00 price target on shares of US Foods Holding Corp in a report on Wednesday, May 10th. Finally, Loop Capital initiated coverage on shares of US Foods Holding Corp in a report on Monday, May 15th. They issued a “hold” rating and a $31.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $30.78.
In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 22,655,559 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total value of $640,019,541.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Anthony Lederer sold 598,950 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total transaction of $16,920,337.50. Following the completion of the sale, the director now owns 504,224 shares of the company’s stock, valued at $14,244,328. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,344,441 shares of company stock worth $659,480,458.
About US Foods Holding Corp
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.
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