Insider Selling: Performance Food Group (NYSE:PFGC) Director Sells 2,500 Shares of Stock

Performance Food Group Company (NYSE:PFGC) Director Kimberly Grant sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total value of $237,500.00. Following the sale, the director directly owned 11,935 shares in the company, valued at $1,133,825. The trade was a 17.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Performance Food Group Trading Up 0.6%

Performance Food Group stock traded up $0.59 during mid-day trading on Thursday, hitting $95.22. 2,413,179 shares of the company’s stock were exchanged, compared to its average volume of 2,189,287. The firm has a market capitalization of $14.96 billion, a P/E ratio of 45.34, a PEG ratio of 1.47 and a beta of 0.92. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $109.05. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. The company’s 50 day simple moving average is $88.76 and its 200-day simple moving average is $92.14.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. On average, equities analysts anticipate that Performance Food Group Company will post 4.57 earnings per share for the current year.

Institutional Trading of Performance Food Group

Several hedge funds and other institutional investors have recently modified their holdings of PFGC. Goldman Sachs Group Inc. raised its stake in shares of Performance Food Group by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after purchasing an additional 184,066 shares during the period. Empowered Funds LLC acquired a new stake in shares of Performance Food Group in the 1st quarter valued at about $359,000. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 537 shares during the period. Marshall Wace LLP acquired a new stake in shares of Performance Food Group in the 2nd quarter valued at about $230,000. Finally, Qube Research & Technologies Ltd raised its stake in shares of Performance Food Group by 499.5% in 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 purchasing an additional 273,997 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group dropped their price objective on Performance Food Group from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Morgan Stanley dropped their price objective on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Barclays raised their price objective 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. Citigroup raised their price objective on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

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.