Performance Food Group (NYSE:PFGC) Insider Sells $138,982.80 in Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 1,320 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total value of $138,982.80. Following the sale, the insider owned 44,216 shares of the company’s stock, valued at approximately $4,655,502.64. This represents a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 Thursday, August 20th, A Brent King sold 8,023 shares of Performance Food Group stock. The stock was sold at an average price of $104.21, for a total transaction of $836,076.83.
• On Tuesday, August 18th, A Brent King sold 1,529 shares of Performance Food Group stock. The stock was 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 shares were 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 transaction of $332,200.00.
• On Wednesday, June 10th, A Brent King sold 3,518 shares of Performance Food Group stock. The stock was sold at an average price of $100.00, for a total transaction 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 transaction of $545,089.83.

Performance Food Group Trading Down 0.3%

Shares of Performance Food Group stock opened at $102.20 on Friday. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $117.47. The company’s fifty day simple moving average is $110.09 and its 200-day simple moving average is $98.57. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. The stock has a market capitalization of $16.10 billion, a PE ratio of 44.63, a P/E/G ratio of 1.32 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $18.11 billion. During the same quarter last year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities analysts anticipate that Performance Food Group Company will post 5.58 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on PFGC. Wells Fargo & Company raised their price objective on Performance Food Group from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Citigroup increased their target price on shares of Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. TD Cowen decreased their target price on shares of Performance Food Group from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Finally, Barclays upped 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 report on Thursday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average target price of $126.90.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Performance Food Group by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock valued at $3,372,000 after buying an additional 121 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of Performance Food Group by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock worth $285,000 after acquiring an additional 122 shares during the last quarter. Arax Advisory Partners grew its stake in Performance Food Group by 7.4% during the fourth quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock valued at $184,000 after acquiring an additional 140 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Performance Food Group by 16.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock valued at $91,000 after acquiring an additional 143 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in Performance Food Group by 6.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 2,701 shares of the food distribution company’s stock valued at $243,000 after acquiring an additional 173 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.