Performance Food Group (NYSE:PFGC) Insider Sells 1,178 Shares

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 1,178 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $104.43, for a total value of $123,018.54. Following the completion of the transaction, the insider owned 46,622 shares of the company’s stock, valued at $4,868,735.46. This trade represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 value of $836,076.83.
• 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 value 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 value 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 stock was 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 shares were sold at an average price of $96.63, for a total value of $545,089.83.

Performance Food Group Trading Up 0.9%

Shares of NYSE PFGC traded up $0.91 on Monday, reaching $105.89. 1,314,810 shares of the company traded hands, compared to its average volume of 1,969,529. The stock has a market capitalization of $16.68 billion, a PE ratio of 46.24, a P/E/G ratio of 1.35 and a beta of 0.91. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $117.47. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. The company has a 50 day moving average of $110.09 and a 200 day moving average of $98.26.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (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 analyst estimates of $18.11 billion. During the same period in the prior year, the business posted $0.84 earnings per share. Performance Food Group’s revenue was up 6.7% on a year-over-year basis. On average, equities research analysts forecast that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Performance Food Group by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock worth $3,372,000 after buying an additional 121 shares in the last quarter. HB Wealth Management LLC boosted its stake in Performance Food Group by 3.8% in the 1st quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock valued at $285,000 after buying an additional 122 shares in the last quarter. Arax Advisory Partners grew its position in Performance Food Group by 7.4% in 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 during the period. Smartleaf Asset Management LLC grew its position in Performance Food Group by 16.5% in 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 during the period. Finally, Cornerstone Wealth Management LLC raised 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 worth $243,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen lowered their price target on Performance Food Group from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $133.00 target price on shares of Performance Food Group in a report on Thursday, August 13th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. UBS Group lowered their target price on 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, Morgan Stanley lifted their price target on shares of Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.