Chicken suppliers fall amid allegations of collusion [CNBC]
US Foods Holding Corp. (USFD)
Last us foods holding corp. earnings: 2/11 06:45 am
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usfoods.com/investors.html
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Source: CNBC
show chapters Food suppliers US Foods and Sysco have initiated separate lawsuits accusing numerous large poultry suppliers of colluding to manipulate wholesale chicken prices, The Wall Street Journal reported Wednesday . The two companies, which are the largest food suppliers to U.S. restaurants in the country, alleged that the poultry processors, including Tyson Foods, Pilgrim's Pride and Sanderson Farms, have artificially limited supplies and inflated prices for years, according to the report. At the lows, shares of Tyson Foods fell as much as 5 percent on Wednesday. Pilgrim's Pride traded as low as 6 percent, while Sanderson Farms declined as much as 4 percent. Those stocks were last seen edging off their lows. Complaints like these are common in antitrust litigation, a Tyson Foods spokesman told CNBC. Such complaints do not change our position that the claims are unfounded. We will continue to vigorously defend our company. US F
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USFD
News
- US Foods Holding Corp. (NYSE: USFD) had its price target raised by analysts at BTIG Research from $52.00 to $62.00. They now have a "buy" rating on the stock.MarketBeat
- US Foods Holding Corp. (NYSE: USFD) had its price target raised by analysts at JPMorgan Chase & Co. from $50.00 to $52.00. They now have a "neutral" rating on the stock.MarketBeat
- US Foods Spring Scoop Introduces Great Tasting Menu Solutions Aimed at Trending Dietary and Lifestyle Preferences [Yahoo! Finance]Yahoo! Finance
- US Foods Spring Scoop Introduces Great Tasting Menu Solutions Aimed at Trending Dietary and Lifestyle PreferencesBusiness Wire
- Investors in US Foods Holding (NYSE:USFD) have seen favorable returns of 56% over the past five years [Yahoo! Finance]Yahoo! Finance
USFD
Earnings
- 2/15/24 - In-Line
USFD
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- USFD's page on the SEC website