US Foods Target of Unusually Large Options Trading (NYSE:USFD)

US Foods Holding Corp (NYSE:USFD) saw some unusual options trading on Monday. Traders acquired 2,535 put options on the stock. This is an increase of 4,427% compared to the typical volume of 56 put options.

In other news, CEO Pietro Satriano sold 184,666 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.23, for a total value of $7,244,447.18. Following the sale, the chief executive officer now owns 275,499 shares in the company, valued at $10,807,825.77. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of US Foods by 1,620.1% during the 3rd quarter. Millennium Management LLC now owns 1,654,605 shares of the company’s stock worth $68,004,000 after acquiring an additional 1,558,413 shares during the last quarter. Man Group plc boosted its stake in US Foods by 653.4% in the third quarter. Man Group plc now owns 1,994,564 shares of the company’s stock valued at $81,977,000 after buying an additional 1,729,836 shares in the last quarter. Prestige Wealth Management Group LLC bought a new position in US Foods in the third quarter valued at about $80,000. Voloridge Investment Management LLC lifted its holdings in shares of US Foods by 728.9% in the third quarter. Voloridge Investment Management LLC now owns 84,547 shares of the company’s stock worth $3,475,000 after acquiring an additional 74,347 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of US Foods by 54.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,423,762 shares of the company’s stock valued at $99,617,000 after purchasing an additional 854,275 shares during the last quarter. Institutional investors own 94.09% of the company’s stock.

Shares of US Foods stock opened at $39.75 on Tuesday. US Foods has a 52-week low of $29.55 and a 52-week high of $43.10. The firm has a market capitalization of $8.73 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.03 and a beta of 0.46. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.40 and a quick ratio of 0.82. The company’s fifty day moving average price is $39.64 and its two-hundred day moving average price is $38.49.

US Foods (NYSE:USFD) last issued its earnings results on Tuesday, November 5th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. US Foods had a net margin of 1.57% and a return on equity of 14.40%. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.53 billion. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. Analysts predict that US Foods will post 2.31 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of US Foods from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Friday, October 11th. Barclays upped their price objective on shares of US Foods from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Thursday, September 12th. Credit Suisse Group increased their target price on shares of US Foods from $42.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Buckingham Research lifted their target price on US Foods from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Bank of America boosted their price target on US Foods from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $44.83.

About US Foods

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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.

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