Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in US Foods Holding Corp. (NYSE:USFD)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in US Foods Holding Corp. (NYSE:USFD) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,815 shares of the company’s stock after acquiring an additional 549 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in US Foods were worth $3,125,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in USFD. MetLife Investment Management LLC lifted its position in shares of US Foods by 5.8% during the 3rd quarter. MetLife Investment Management LLC now owns 126,127 shares of the company’s stock worth $7,757,000 after buying an additional 6,964 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of US Foods during the 3rd quarter worth approximately $2,632,000. BNP Paribas Financial Markets lifted its position in shares of US Foods by 2,338.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 233,806 shares of the company’s stock worth $14,379,000 after buying an additional 224,219 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of US Foods by 2.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 189,424 shares of the company’s stock worth $11,650,000 after buying an additional 3,836 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in shares of US Foods during the 3rd quarter worth approximately $646,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

Shares of USFD opened at $70.62 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.72 and a current ratio of 1.19. The stock has a market capitalization of $16.45 billion, a P/E ratio of 30.31, a P/E/G ratio of 1.15 and a beta of 1.68. The company’s fifty day moving average is $64.10 and its two-hundred day moving average is $58.11. US Foods Holding Corp. has a 1 year low of $43.24 and a 1 year high of $70.96.

Insider Buying and Selling at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at $5,132,225.85. This represents a 10.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on USFD. Wells Fargo & Company boosted their price objective on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Barclays lifted their target price on shares of US Foods from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Jefferies Financial Group lifted their target price on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, US Foods presently has a consensus rating of “Buy” and a consensus price target of $71.09.

US Foods Company 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.