US Foods sees unusually large options volume (NYSE: USFD)
US Foods Holding Corp. (NYSE: USFD) saw unusual options trading activity on Wednesday. Traders bought 8,261 call options on the company. This is an increase of approximately 5,444% over the typical volume of 149 call options.
In other news from US Foods, CEO Pietro Satriano sold 133,561 shares of the company in a trade on Friday, May 14. The shares were sold at an average price of $ 39.00, for a total value of $ 5,208,879.00. Following the completion of the transaction, the CEO now owns 683,339 shares of the company, valued at $ 26,650,221. The transaction was disclosed in a document filed with the SEC, which is available at this link. Additionally, CFO Dirk J. Locascio sold 21,529 shares of the company in a trade on Tuesday, June 8. The stock was sold at an average price of $ 40.00, for a total trade of $ 861,160.00. Following the closing of the transaction, the CFO now directly owns 119,600 shares of the company, valued at approximately $ 4,784,000. Disclosure of this sale can be found here. Company insiders own 1.00% of the company’s shares.
A number of hedge funds have recently changed their holdings to USFD. Norges Bank purchased a new position in US Foods during the fourth quarter for a value of approximately $ 86,143,000. Boston Partners increased its stake in US Foods by 112.4% during the first quarter. Boston Partners now owns 4,737,675 shares of the company valued at $ 180,650,000 after purchasing an additional 2,507,260 shares during the period. Newbrook Capital Advisors LP acquired a new position in US Foods during the fourth quarter for a value of approximately $ 81,321,000. JPMorgan Chase & Co. increased its stake in US Foods by 30.1% during the first quarter. JPMorgan Chase & Co. now owns 9,555,355 shares of the company valued at $ 364,249,000 after purchasing an additional 2,210,344 shares during the period. Finally, Bessemer Group Inc. increased its stake in US Foods by 48.6% during the first quarter. Bessemer Group Inc. now owns 5,269,167 shares of the company valued at $ 200,860,000 after purchasing an additional 1,723,706 shares during the period. 92.55% of the shares are currently held by institutional investors.
Several research analysts recently published reports on the stock. Zacks investment research upgraded US Foods shares from a “hold” rating to a “strong buy” rating and set a target price of $ 42.00 for the company in a report released Friday, May 14. Piper Sandler assumed coverage of US Foods shares in a report released on Friday, April 9. They set an “overweight” rating and a target price of $ 45 for the company. Morgan Stanley raised its target price for US Foods shares from $ 41.00 to $ 45 and gave the stock an “equal weight” rating in a report released on Tuesday, May 11. JPMorgan Chase & Co. raised its target price on US Foods shares from $ 38.00 to $ 44.00 and rated the stock “neutral” in a report released on Monday, April 12. They noted that the move was an appraisal call. Finally, BTIG Research raised its target price on US Foods stocks from $ 39.00 to $ 45 and gave the stock a “buy” rating in a report released on Wednesday, March 31. Two research analysts gave the stock a conservation rating, seven gave the company a buy rating, and one gave the company a strong buy rating. The company has an average rating of “Buy” and an average price target of $ 41.70.
Actions of NYSE USFD open for $ 36.25 Thursday. The company has a market cap of $ 8.04 billion, a price-to-earnings ratio of -48.99 and a beta of 1.82. US Foods has a 52-week low of $ 18.44 and a 52-week high of $ 42.10. The company has a 50-day moving average of $ 38.53. The company has a current ratio of 1.59, a quick ratio of 1.02, and a debt ratio of 1.60.
US Foods (NYSE: USFD) last released its quarterly results on Monday, May 10. The company reported earnings per share of $ 0.12 for the quarter, beating analyst consensus estimates of $ 0.03 by $ 0.09. The company posted revenue of $ 6.30 billion for the quarter, compared to $ 5.94 billion according to analysts’ estimates. US Foods posted a negative net margin of 0.52% and a positive return on equity of 1.45%. US Foods quarterly revenue was down 0.7% year-on-year. During the same period of the previous year, the company posted earnings per share of $ 0.26. Stock analysts expect US Foods to post 1.56 EPS for the current fiscal year.
US Foods Company Profile
US Foods Holding Corp., through its subsidiary US Foods, Inc, markets and distributes fresh, frozen and dry food and non-food products to restaurant customers in the United States. The company’s customers include independent 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 outlets.
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