Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells $1,115,656.50 in Stock

Performance Food Group Company (NYSE:PFGC) insider Donald Bulmer sold 10,535 shares of Performance Food Group stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $105.90, for a total transaction of $1,115,656.50. Following the transaction, the insider owned 54,291 shares of the company’s stock, valued at approximately $5,749,416.90. The trade was a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Performance Food Group Price Performance

Shares of PFGC traded down $0.84 during mid-day trading on Tuesday, reaching $104.94. 1,404,203 shares of the company’s stock were exchanged, compared to its average volume of 1,966,040. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34. Performance Food Group Company has a 52-week low of $80.82 and a 52-week high of $117.47. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 45.82, a PEG ratio of 1.35 and a beta of 0.91. The company has a 50-day simple moving average of $110.13 and a two-hundred day simple moving average of $98.33.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The company had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.11 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. Performance Food Group’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. On average, sell-side analysts predict that Performance Food Group Company will post 5.58 EPS for the current fiscal year.

Performance Food Group News Summary

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Fiscal fourth-quarter sales increased 6.4% to $18.03 billion, while total case volume rose 3.5% and organic case volume gained 1.8%. Net income increased 23.4% to $162.3 million, suggesting that growth was not driven solely by approximately 4.7% product-cost inflation. Performance Food growth and inflation article
• Positive Sentiment: Analyst sentiment remains favorable. Citigroup raised its price target to $144, Wells Fargo increased its target to $130, and Deutsche Bank reiterated a Buy rating. The stock has a consensus “Moderate Buy” rating and an average target of $126.90, well above recent trading levels.
• Positive Sentiment: Institutional ownership remains strong at approximately 96.9%, with reported additions or new positions from investors including BlackRock, Primecap Management and Norges Bank. This may provide longer-term shareholder support, although the reported ownership changes should be monitored for accuracy and timing.
• Neutral Sentiment: Performance Food Group announced the resignation of board member Sc… on August 24. No reason was provided in the available report, making the immediate effect on PFGC difficult to assess. Performance Food Group board resignation article
• Negative Sentiment: Quarterly results were slightly below expectations: adjusted earnings were $1.59 per share versus a $1.60 consensus forecast, while revenue of $18.03 billion trailed estimates of $18.11 billion. With a price-to-earnings ratio above 45, even small misses may weigh on the stock’s near-term valuation.
• Negative Sentiment: Several insiders sold a combined 19,030 shares on August 20–21 for roughly $2.0 million at prices near $104.21–$104.43. The sales reduced individual holdings by about 2.5% to 18.1% and could pressure sentiment, although insider sales can also reflect personal liquidity or compensation-related decisions. PFGC insider trading report

Analysts Set New Price Targets

Several brokerages recently weighed in on PFGC. UBS Group cut their target price on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. Barclays upped their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Guggenheim increased their price target on Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Citigroup raised their price objective on Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.90.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds have recently modified their holdings of PFGC. Cedar Mountain Advisors LLC acquired a new position in Performance Food Group during the first quarter worth approximately $28,000. Asset Planning Inc acquired a new position in shares of Performance Food Group in the 1st quarter valued at $35,000. Torren Management LLC purchased a new stake in shares of Performance Food Group during the 4th quarter valued at $41,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Performance Food Group during the 4th quarter worth $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Performance Food Group in the 2nd quarter worth $51,000. 96.87% of the stock is owned by institutional investors and hedge funds.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.