Analysts have recently revised their ratings and price targets for US Foods Holding Corp. (NYSE: USFD), reflecting a shift in market sentiment. This follows a notable stock sale by insider Steven Guberman, who sold 58,632 shares on November 11, 2023, at an average price of $72.00. The total transaction amounted to $4,221,504.00.
Following the sale, Guberman’s ownership decreased by 34.08%, leaving him with 113,410 shares valued at approximately $8,165,520. This transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. Currently, corporate insiders own 0.60% of US Foods stock.
Insights into US Foods’ Operations
US Foods Holding Corp. is a key player in the foodservice industry, involved in the marketing, sale, and distribution of a wide range of food and non-food products. The company serves a diverse clientele that includes independently owned single and multi-unit restaurants, national restaurant chains, hospitals, nursing homes, hotels, and military organizations across the United States.
In light of these recent developments, analysts are closely monitoring US Foods’ performance and market position. The company’s ability to adapt to changing market conditions and manage insider transactions will be crucial as it navigates the competitive landscape of the foodservice sector.
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