US Foods Sees Unusually Large Options Volume (USFD)

US Foods Holding Corp (NYSE:USFD) was the recipient of unusually large options trading activity on Friday. Investors acquired 3,063 call options on the company. This represents an increase of 1,984% compared to the typical volume of 147 call options.

Shares of US Foods (NYSE:USFD) opened at $29.31 on Monday. US Foods has a 1-year low of $22.59 and a 1-year high of $30.73. The company has a current ratio of 1.40, a quick ratio of 0.81 and a debt-to-equity ratio of 1.31. The company has a market cap of $6,585.75, a price-to-earnings ratio of 20.08, a P/E/G ratio of 1.68 and a beta of 1.37.

A number of equities research analysts recently commented on the stock. Barclays assumed coverage on shares of US Foods in a report on Monday, August 28th. They set an “equal weight” rating and a $30.00 price target for the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $32.00 price target on shares of US Foods in a report on Thursday, August 10th. Wells Fargo & Company reiterated a “buy” rating on shares of US Foods in a report on Wednesday, August 9th. Deutsche Bank reiterated a “buy” rating and set a $33.00 price target on shares of US Foods in a report on Thursday, August 10th. Finally, Pivotal Research set a $29.00 price target on shares of US Foods and gave the company a “hold” rating in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. US Foods currently has a consensus rating of “Buy” and an average price target of $31.50.

In other news, insider Jay Kvasnicka sold 23,572 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $27.30, for a total value of $643,515.60. Following the completion of the sale, the insider now directly owns 3,222 shares in the company, valued at approximately $87,960.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Fund Holdings Gp Ltd Kkr sold 20,000,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $27.34, for a total transaction of $546,800,000.00. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of USFD. Thornburg Investment Management Inc. bought a new position in US Foods in the 3rd quarter worth $55,586,000. Dimensional Fund Advisors LP bought a new position in US Foods in the 3rd quarter worth $19,197,000. Janus Henderson Group PLC bought a new position in US Foods in the 3rd quarter worth $6,544,000. Neuberger Berman Group LLC raised its holdings in US Foods by 4.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 5,661,731 shares of the company’s stock worth $151,168,000 after purchasing an additional 226,546 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in US Foods by 630.2% in the 3rd quarter. GSA Capital Partners LLP now owns 150,118 shares of the company’s stock worth $4,008,000 after purchasing an additional 129,560 shares in the last quarter. Institutional investors and hedge funds own 96.89% of the company’s stock.

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About US Foods

US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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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