Insider Selling: US Foods Holding Corp. (NYSE:USFD) CFO Sells $579,500.00 in Stock

US Foods Holding Corp. (NYSE:USFD) CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated 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 of the company’s stock, valued at $5,132,225.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

US Foods Stock Performance

Shares of NYSE USFD opened at $60.88 on Thursday. The firm has a 50 day moving average of $55.69 and a 200 day moving average of $53.78. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. US Foods Holding Corp. has a 12-month low of $35.66 and a 12-month high of $62.34.

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, meeting the consensus estimate of $0.93. The company had revenue of $9.71 billion during the quarter, compared to analyst estimates of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 earnings per share. On average, research analysts anticipate that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

Hedge Funds Weigh In On US Foods

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in US Foods by 23.5% during the first quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock valued at $59,000 after purchasing an additional 207 shares in the last quarter. Davis Investment Partners LLC lifted its holdings in US Foods by 1.0% during the first quarter. Davis Investment Partners LLC now owns 22,832 shares of the company’s stock valued at $1,179,000 after purchasing an additional 222 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in US Foods by 2.8% during the first quarter. Mount Yale Investment Advisors LLC now owns 10,634 shares of the company’s stock valued at $574,000 after purchasing an additional 286 shares in the last quarter. OLD National Bancorp IN lifted its holdings in US Foods by 5.0% during the second quarter. OLD National Bancorp IN now owns 6,289 shares of the company’s stock valued at $333,000 after purchasing an additional 301 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in US Foods by 3.8% during the first quarter. US Bancorp DE now owns 9,355 shares of the company’s stock valued at $505,000 after purchasing an additional 344 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on USFD shares. Piper Sandler lifted their target price on shares of US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, StockNews.com lowered shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 14th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

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.