Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells $159,994.56 in Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 1,529 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $104.64, for a total value of $159,994.56. Following the completion of the transaction, the insider owned 50,095 shares of the company’s stock, valued at approximately $5,241,940.80. This represents a 2.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 stock was 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 shares were 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 shares were sold at an average price of $96.63, for a total transaction of $545,089.83.

Performance Food Group Stock Up 0.7%

Performance Food Group stock traded up $0.71 during midday trading on Thursday, hitting $104.05. 1,367,628 shares of the stock were exchanged, compared to its average volume of 1,976,401. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $117.47. 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 firm has a market cap of $16.39 billion, a P/E ratio of 45.44, a P/E/G ratio of 1.34 and a beta of 0.91. The company has a 50 day moving average price of $110.08 and a two-hundred day moving average price of $98.13.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data 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 firm 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%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share. On average, sell-side analysts predict that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

Institutional Trading of Performance Food Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors raised its stake in Performance Food Group by 1.0% during the fourth quarter. Capital World Investors now owns 22,663,573 shares of the food distribution company’s stock valued at $2,037,910,000 after buying an additional 216,720 shares in the last quarter. BlackRock Inc. bought a new position in Performance Food Group during the 2nd quarter worth approximately $1,576,983,000. Wellington Management Group LLP grew its position in shares of Performance Food Group by 46.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock worth $646,447,000 after acquiring an additional 1,964,799 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Performance Food Group by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 2,803,918 shares of the food distribution company’s stock worth $252,207,000 after acquiring an additional 36,031 shares in the last quarter. Finally, Primecap Management Co. CA bought a new stake in shares of Performance Food Group in the 2nd quarter valued at approximately $305,064,000. 96.87% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BMO Capital Markets restated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Weiss Ratings upgraded Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. UBS Group dropped their price target 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. Finally, Guggenheim upped their price target 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. 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, the company currently has an average rating of “Moderate Buy” and an average price target of $126.90.

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.