Swiss National Bank Sells 1,600 Shares of US Foods Holding Corp. (NYSE:USFD)

Swiss National Bank lowered its position in US Foods Holding Corp. (NYSE:USFD) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 455,955 shares of the company’s stock after selling 1,600 shares during the period. Swiss National Bank’s holdings in US Foods were worth $28,041,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of US Foods during the second quarter valued at approximately $25,000. Quent Capital LLC boosted its position in US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares during the last quarter. International Assets Investment Management LLC bought a new position in US Foods in the 2nd quarter valued at $30,000. Ashton Thomas Securities LLC bought a new stake in shares of US Foods during the third quarter worth $31,000. Finally, Huntington National Bank lifted its stake in shares of US Foods by 332.5% in the 3rd quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after purchasing an additional 409 shares during the period. Institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

USFD has been the subject of several analyst reports. Truist Financial boosted their target price on US Foods from $66.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Piper Sandler upped their target price on shares of US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. UBS Group boosted their price target on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their price target on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $71.09.

US Foods Trading Up 0.1 %

USFD opened at $66.56 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. US Foods Holding Corp. has a twelve month low of $42.19 and a twelve month high of $68.00. The stock has a market capitalization of $15.50 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 1.07 and a beta of 1.66. The company has a 50-day simple moving average of $62.37 and a 200 day simple moving average of $57.04.

Insider Buying and Selling at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. This represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

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.