According to a 13F filing with the Securities and Exchange Commission, investment firm Inspire Investing LLC recently announced the acquisition of a new position in shares of US Foods Holding Corp.The purchase included 15,388 shares of the company’s stock worth approximately $524,000.
US Foods Holding Corp. is a leading foodservice distributor in the United States, offering frozen, dry, and non-food products to foodservice customers nationwide. Under the Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli brands, they provide a variety of services.
Recent US Foods news has also highlighted some significant developments regarding insiders who have sold shares of the company’s stock. On March 24th, EVP Andrew E. Iacobucci sold 21,954 shares of USFD in two separate transactions for a total of $761k. Following these transactions, Iacobucci now directly owns 108,546 shares worth approximately $3.76 million.
Sunil Gupta, a director, also sold some stock in February, selling 5,756 shares at an average price of $39.29 per share, totaling more than $226k.
Furthermore, according to recent reports, insiders from US Foods’ management team alone have systematically flushed out thousands upon thousands of stocks late last quarter alone, with the grand total reaching sky high heights receiving close to 300 million USD in compensation and just over one percent holding worthiness within the corporation.
