Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells $834,513.68 in Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 8,008 shares of Performance Food Group stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $104.21, for a total transaction of $834,513.68. Following the sale, the insider directly owned 43,986 shares of the company’s stock, valued at approximately $4,583,781.06. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $102.50 on Thursday. The company has a market cap of $16.15 billion, a P/E ratio of 44.76, a PEG ratio of 1.35 and a beta of 0.91. The firm has a fifty day moving average price of $110.12 and a 200 day moving average price of $98.52. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $117.47.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PFGC. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $133.00 price target on shares of Performance Food Group in a report on Thursday, August 13th. Guggenheim upped their target price on shares of Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a report on Monday, June 29th. Morgan Stanley increased their target price on shares of Performance Food Group from $120.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Barclays lifted their price target on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company boosted their price target on shares of Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.90.

Trending Headlines about Performance Food Group

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

• Positive Sentiment: Fiscal fourth-quarter sales increased 6.4% year over year to $18.03 billion, with total case volume up 3.5% and organic case volume up 1.8%. Net income rose 23.4% to $162.3 million, indicating that growth was supported by demand as well as pricing. Performance Food sales and earnings article
• Positive Sentiment: Wall Street’s outlook remains constructive, with 11 analysts rating PFGC a Buy and two rating it a Hold. The consensus rating is “Moderate Buy,” with an average price target of $126.90, supported by recent target increases from several firms.
• Neutral Sentiment: Institutional investors own approximately 96.9% of the stock, and several major funds recently increased or initiated positions. This may provide longer-term support, although the reported holdings changes do not necessarily indicate a near-term trading catalyst.
• Neutral Sentiment: A board member recently resigned, but no reason was disclosed. Without additional details, the immediate effect on PFGC’s outlook is unclear. Performance Food Group board resignation
• Negative Sentiment: Several insiders sold shares between August 20 and 25. Notable transactions included Donald S. Bulmer’s sale of 10,535 shares for approximately $1.12 million, alongside additional sales by A. Brent King, Erika T. Davis and Chasity Grosh. The concentrated selling may weigh on sentiment, even though insider sales can reflect personal or compensation-related decisions. Performance Food Group insider sales
• Negative Sentiment: The latest quarter narrowly missed consensus expectations for both EPS and revenue. Product-cost inflation of approximately 4.7% also raises questions about how much sales growth reflects pricing rather than underlying demand. With PFGC trading below its 50-day moving average and at a relatively high earnings multiple, investors may be more sensitive to modest misses.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFGC. Cedar Mountain Advisors LLC acquired a new stake in shares of Performance Food Group in the first quarter valued at 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 acquired a new position in shares of Performance Food Group in the 4th quarter valued at $41,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Performance Food Group in the 2nd quarter valued at $51,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Performance Food Group in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Company Profile

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.