Insider Selling: US Foods Holding Corp. (NYSE:USFD) CFO Sells 10,000 Shares of Stock

by · The Cerbat Gem

US Foods Holding Corp. (NYSE:USFD – Get Free Report) CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

US Foods Trading Down 0.5 %

Shares of USFD opened at $60.88 on Thursday. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $62.34. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The firm’s fifty day moving average is $55.69 and its two-hundred day moving average is $53.78. The stock has a market cap of $14.89 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66.

US Foods (NYSE:USFD – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Research analysts forecast that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on USFD shares. Piper Sandler upped their price target on shares of US Foods from $59.00 to $61.00 and gave the company an “overweight” rating in a research note on Friday, June 7th. Truist Financial upped their price target on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. upped their price target on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft upped their price target on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 14th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.40.

View Our Latest Report on US Foods

Institutional Investors Weigh In On US Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new stake in US Foods during the 2nd quarter worth $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of US Foods during the 1st quarter valued at about $27,000. International Assets Investment Management LLC acquired a new position in shares of US Foods during the 2nd quarter valued at about $30,000. Rise Advisors LLC acquired a new position in shares of US Foods during the 1st quarter valued at about $30,000. Finally, Headlands Technologies LLC acquired a new position in shares of US Foods during the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

About US Foods

(Get Free Report)

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.

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