US Foods CFO Dirk Locascio sells $1.13M in stock

Published 19/05/2025, 23:24
US Foods CFO Dirk Locascio sells $1.13M in stock

US Foods Holding Corp . (NYSE:USFD) Chief Financial Officer Dirk J. Locascio recently executed a sale of company stock valued at approximately $1.13 million. The transaction, which took place on May 15, 2025, involved the sale of 15,000 shares at a price of $75 each.

On the same day, Locascio also exercised options to acquire 15,000 shares at $13.29 per share, totaling approximately $199,350. These transactions were conducted under a pre-established trading plan in compliance with Rule 10b5-1 of the Securities Exchange Act of 1934.

Following these transactions, Locascio holds 115,077 shares of US Foods common stock.

In other recent news, US Foods Holding Corp. reported its first-quarter results for 2025, showcasing a 4.5% increase in revenue, reaching $9.4 billion, although slightly below the forecast of $9.42 billion. The company also reported adjusted earnings per share (EPS) of $0.68, which fell short of the projected $0.70. Despite these minor misses, US Foods demonstrated strong growth in key segments, with a 26% year-over-year increase in adjusted EPS, supported by strategic market share gains in the independent restaurant and healthcare channels. UBS and BMO Capital Markets both raised their price targets for US Foods, with UBS adjusting its target to $84 and maintaining a Buy rating, while BMO Capital Markets increased its target to $85, retaining an Outperform rating. CFRA, however, raised its price target to $59 but maintained a Sell rating, indicating some caution due to potential risks in consumer sentiment and discretionary spending. The company has reaffirmed its full-year guidance, projecting robust growth in adjusted EBITDA and EPS. The positive market reaction to these developments reflects investor confidence in US Foods’ operational strategy and growth potential, even amidst challenging macroeconomic conditions.

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