US Foods Holding Corp. Director Makes Significant Share Purchase

Director David W. Bullock of US Foods Holding Corp. (NYSE:USFD) acquired 4,000 shares of the company's stock on Tuesday, February 18th. The shares were purchased at an average price of $71.06 each, resulting in a total transaction value of $284,240. Following this transaction, Bullock now holds a total of 4,500 shares, which are valued at approximately $319,770. This acquisition reflects an astonishing 800% increase in his ownership in the company. The transaction was reported in a filing with the Securities and Exchange Commission (SEC), which is available online.

US Foods Stock Performance

On Wednesday, during mid-day trading, shares of USFD rose by $0.71, reaching a price of $71.56. The trading volume for the day was 2,652,686 shares, which is above the average volume of 2,033,583 shares. US Foods' stock has seen a fifty-two week low of $49.64 and a high of $73.00. Currently, the company's 50-day moving average stands at $69.11, while the 200-day moving average is $64.47. The business's financial health is indicated by a current ratio of 1.21, a quick ratio of 0.71, and a debt-to-equity ratio of 1.06. Additionally, US Foods has a market capitalization of $16.49 billion, a P/E ratio of 35.42, and a P/E/G ratio of 0.96.

Recent Earnings Report

US Foods recently released its quarterly earnings report on February 13th, where it announced an earnings per share (EPS) of $0.78 for the quarter. This figure fell short of the analysts' expectations of $0.79 by $0.01. The company recorded a net margin of 1.30% and a return on equity of 15.03%. Revenue for the quarter was reported at $9.49 billion, slightly above the anticipated $9.47 billion. Analysts project that US Foods Holding Corp. will achieve an EPS of 3.61 for the current year.

Hedge Funds and Institutional Interest

Institutional investment firms have also been active in trading shares of US Foods. Creative Planning increased its holdings by 13.5% in the third quarter, now owning 12,978 shares valued at $798,000 after adding 1,547 shares. First Citizens Bank & Trust Co. made a new investment in US Foods valued at approximately $261,000 during the same quarter. Allspring Global Investments Holdings LLC raised its stake by 15.4%, currently owning 8,518 shares valued at $524,000 after a purchase of 1,137 shares. Sequoia Financial Advisors LLC and Private Advisor Group LLC also added to their positions, reflecting a growing institutional interest. Notably, hedge funds and institutional investors collectively own 98.76% of US Foods' stock.

Analysts’ Ratings and Price Targets

Several analysts recently provided insights regarding US Foods. Truist Financial raised its target price for the stock from $78.00 to $80.00 and issued a "buy" rating on February 14th. Barclays upgraded their price target from $82.00 to $85.00, also giving it an "overweight" rating. Melius started covering US Foods with a "buy" rating and a $12.00 price target, while JPMorgan Chase lifted their target from $68.00 to $69.00, maintaining a "neutral" stance. Overall, 11 analysts rate the stock as a buy, two as a strong buy, and one as a hold, with a consensus price target set at $70.33, indicating positive market sentiment.

Company Overview

US Foods Holding Corp., along with its subsidiaries, is involved in the marketing, sale, and distribution of a wide range of food and non-food products. Their customer base includes restaurants, hospitals, nursing homes, hotels, government entities, and many more in the foodservice sector across the United States.

stocks, investment, acquisition