Stock Traders Purchase Large Volume of Put Options on US Foods (NYSE:USFD)

US Foods Holding Corp (NYSE:USFD) was the target of some unusual options trading on Monday. Investors purchased 2,535 put options on the company. This represents an increase of 4,427% compared to the average volume of 56 put options.

In related news, CEO Pietro Satriano sold 184,666 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.23, for a total transaction of $7,244,447.18. Following the sale, the chief executive officer now owns 275,499 shares of the company’s stock, valued at $10,807,825.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.80% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of USFD. Catalyst Capital Advisors LLC raised its stake in shares of US Foods by 82.0% in the third quarter. Catalyst Capital Advisors LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 327 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in US Foods by 116.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 828 shares of the company’s stock valued at $34,000 after acquiring an additional 446 shares during the period. World Asset Management Inc lifted its stake in US Foods by 4.5% during the 3rd quarter. World Asset Management Inc now owns 10,572 shares of the company’s stock valued at $435,000 after acquiring an additional 456 shares during the period. Chicago Equity Partners LLC boosted its holdings in shares of US Foods by 0.7% in the 3rd quarter. Chicago Equity Partners LLC now owns 72,380 shares of the company’s stock valued at $2,975,000 after acquiring an additional 475 shares during the last quarter. Finally, Virginia Retirement Systems ET AL boosted its holdings in shares of US Foods by 1.2% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 40,700 shares of the company’s stock valued at $1,673,000 after acquiring an additional 500 shares during the last quarter. 94.09% of the stock is owned by institutional investors.

USFD has been the subject of several recent analyst reports. Credit Suisse Group boosted their price objective on shares of US Foods from $42.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Bank of America raised their price objective on US Foods from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Buckingham Research raised their price objective on US Foods from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. ValuEngine lowered US Foods from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Barclays increased their price target on US Foods from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $44.83.

NYSE:USFD opened at $39.75 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.82 and a debt-to-equity ratio of 1.35. US Foods has a twelve month low of $29.55 and a twelve month high of $43.10. The company has a market cap of $8.73 billion, a PE ratio of 19.58, a P/E/G ratio of 2.03 and a beta of 0.46. The company’s 50 day moving average is $39.64 and its two-hundred day moving average is $38.49.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.53 billion. US Foods had a net margin of 1.57% and a return on equity of 14.40%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. As a group, analysts expect that US Foods will post 2.31 EPS for the current fiscal year.

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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