Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 8,023 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 8,023 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $104.21, for a total transaction of $836,076.83. Following the sale, the insider owned 47,800 shares of the company’s stock, valued at approximately $4,981,238. This represents a 14.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A Brent King also recently made the following trade(s):

• On Friday, August 21st, A Brent King sold 1,178 shares of Performance Food Group stock. The shares were sold at an average price of $104.43, for a total transaction of $123,018.54.
• On Tuesday, August 18th, A Brent King sold 1,529 shares of Performance Food Group stock. The shares were sold at an average price of $104.64, for a total transaction of $159,994.56.
• On Friday, June 12th, A Brent King sold 6,111 shares of Performance Food Group stock. The stock was sold at an average price of $105.00, for a total transaction of $641,655.00.
• On Tuesday, June 9th, A Brent King sold 3,322 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total value of $332,200.00.
• On Wednesday, June 10th, A Brent King sold 3,518 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total value of $351,800.00.
• On Monday, June 1st, A Brent King sold 5,641 shares of Performance Food Group stock. The stock was sold at an average price of $96.63, for a total value of $545,089.83.

Performance Food Group Stock Up 0.9%

Shares of NYSE PFGC traded up $0.91 on Monday, hitting $105.89. The company had a trading volume of 1,314,810 shares, compared to its average volume of 1,969,529. 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 12-month low of $80.82 and a 12-month high of $117.47. The firm has a market capitalization of $16.68 billion, a P/E ratio of 46.24, a PEG ratio of 1.35 and a beta of 0.91. The business has a 50 day moving average of $110.09 and a two-hundred day moving average of $98.26.

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

Analysts Set New Price Targets

A number of equities analysts have commented on PFGC shares. UBS Group cut their price objective on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $133.00 target price on shares of Performance Food Group in a research report on Thursday, August 13th. Barclays boosted their price target on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Wells Fargo & Company raised their price objective on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, Citigroup lifted 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 given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.90.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its holdings in Performance Food Group by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after buying an additional 184,066 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Performance Food Group in the 1st quarter worth approximately $359,000. EverSource Wealth Advisors LLC increased its holdings in shares of Performance Food Group by 440.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after acquiring an additional 537 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Performance Food Group in the 2nd quarter valued at approximately $230,000. Finally, Qube Research & Technologies Ltd raised its position in shares of Performance Food Group by 499.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after acquiring an additional 273,997 shares in the last quarter. Institutional investors and hedge funds 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.