Dirk J. Locascio Sells 15,000 Shares of US Foods Holding Corp. (NYSE:USFD) Stock

US Foods Holding Corp. (NYSE:USFD) EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president now directly owns 115,077 shares in the company, valued at $8,630,775. This represents a 11.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

US Foods Stock Up 0.8%

Shares of NYSE:USFD traded up $0.59 during mid-day trading on Monday, reaching $77.22. 2,400,047 shares of the stock were exchanged, compared to its average volume of 2,017,744. US Foods Holding Corp. has a one year low of $50.05 and a one year high of $77.66. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The stock’s 50 day simple moving average is $65.78 and its 200-day simple moving average is $67.67. The company has a market cap of $17.86 billion, a P/E ratio of 38.23, a P/E/G ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same period last year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Boston Partners lifted its position in US Foods by 29.1% during the first quarter. Boston Partners now owns 16,457,351 shares of the company’s stock worth $1,076,225,000 after acquiring an additional 3,713,345 shares during the last quarter. Norges Bank bought a new stake in shares of US Foods in the fourth quarter valued at about $211,300,000. Artisan Partners Limited Partnership acquired a new position in shares of US Foods in the fourth quarter valued at about $171,107,000. Burgundy Asset Management Ltd. acquired a new stake in US Foods in the 1st quarter worth about $110,245,000. Finally, Jupiter Asset Management Ltd. bought a new stake in US Foods in the 1st quarter valued at about $91,087,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

USFD has been the subject of several research reports. Barclays increased their target price on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. UBS Group increased their price objective on shares of US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 9th. StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 13th. Morgan Stanley raised their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Finally, Truist Financial upped their price target on US Foods from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, US Foods presently has a consensus rating of “Buy” and a consensus price target of $73.00.

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.