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

US Foods Holding Corp. (NYSE:USFD) 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) 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.

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

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.