Performance Food Group (NYSE:PFGC) Insider Donald Bulmer Sells 1,353 Shares

Performance Food Group Company (NYSE:PFGC) insider Donald Bulmer sold 1,353 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total transaction of $142,457.37. Following the completion of the sale, the insider directly owned 52,938 shares in the company, valued at $5,573,842.02. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Performance Food Group Trading Down 0.8%

Shares of NYSE PFGC opened at $104.94 on Wednesday. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $117.47. The stock has a market cap of $16.53 billion, a P/E ratio of 45.82, a price-to-earnings-growth ratio of 1.36 and a beta of 0.91. The firm has a 50-day moving average of $110.14 and a 200 day moving average of $98.43. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67.

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). The business had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The company’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. As a group, sell-side analysts expect that Performance Food Group Company will post 5.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PFGC has been the topic of several recent research reports. Wells Fargo & Company upped their price target 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. TD Cowen dropped their target price on Performance Food Group from $128.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Guggenheim increased their target price on Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. 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 note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $133.00 price objective on shares of Performance Food Group in a research report on Thursday, August 13th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.90.

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds have recently bought and sold shares of PFGC. Cedar Mountain Advisors LLC purchased a new stake in shares of Performance Food Group during the 1st quarter valued at about $28,000. Asset Planning Inc bought a new stake in shares of Performance Food Group in the first quarter worth approximately $35,000. Torren Management LLC purchased a new position in shares of Performance Food Group during the fourth quarter valued at approximately $41,000. Lloyd Advisory Services LLC. purchased a new position in shares of Performance Food Group during the fourth quarter valued at approximately $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Performance Food Group during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Key Performance Food Group News

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

• Positive Sentiment: Fiscal fourth-quarter sales rose 6.4% year over year to $18.03 billion, while total case volume increased 3.5% and organic case volume grew 1.8%. Net income also climbed 23.4% to $162.3 million, suggesting that growth was not driven solely by pricing. Performance Food sales and earnings article
• Positive Sentiment: Analyst sentiment remains favorable. Citigroup raised its price target to $144, Wells Fargo increased its target to $130, and Deutsche Bank reiterated a buy rating at $133. The stock has a consensus “Moderate Buy” rating and an average target of $126.90, well above recent trading levels.
• Positive Sentiment: Institutional ownership remains high at approximately 96.9%. Reported buying and position increases by California State Teachers’ Retirement System, BlackRock, Primecap Management, Norges Bank and Wellington Management could provide longer-term support for PFGC.
• Neutral Sentiment: Performance Food Group announced the resignation of board member Scott… on August 24. The available report does not provide a reason, making the immediate effect on the company’s outlook unclear. Performance Food Group board resignation
• Negative Sentiment: Multiple insiders sold shares during August 20–25. The largest disclosed transactions included Donald S. Bulmer selling 10,535 shares, Erika T. Davis selling 8,008 shares and A. Brent King selling 8,023 shares, followed by additional smaller sales. Although such transactions may reflect personal or compensation-related decisions, the clustered selling reduces insider ownership and may pressure near-term sentiment.
• Negative Sentiment: Product-cost inflation reached approximately 4.7%, raising concerns about how much reported sales growth reflects pricing rather than underlying demand. In addition, the latest quarterly EPS and revenue results narrowly missed consensus estimates, while PFGC trades below its 50-day moving average and at a relatively elevated earnings multiple.

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.