Performance Food Group (NYSE:PFGC) Insider Sells $1,733,961.60 in Stock

Performance Food Group (NYSE:PFGC) insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the sale, the insider now owns 172,372 shares of the company’s stock, valued at $14,582,671.20. The trade was a 10.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Craig Howard Hoskins also recently made the following trade(s):

• On Wednesday, November 27th, Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock. The stock was sold at an average price of $88.28, for a total transaction of $1,809,386.88.

Performance Food Group Stock Up 1.3 %

NYSE:PFGC opened at $85.22 on Thursday. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The stock’s fifty day moving average is $85.45 and its two-hundred day moving average is $76.02. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. Performance Food Group’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 EPS. Research analysts anticipate that Performance Food Group will post 4.73 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PFGC shares. BMO Capital Markets boosted their price target on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays raised their target price on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 22nd. UBS Group boosted their price target on shares of Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Truist Financial boosted their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and an average target price of $94.33.

Institutional Trading of Performance Food Group

A number of large investors have recently modified their holdings of PFGC. FMR LLC boosted its holdings in Performance Food Group by 26.3% in the third quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock valued at $1,043,293,000 after purchasing an additional 2,773,547 shares during the period. Primecap Management Co. CA boosted its stake in shares of Performance Food Group by 223.4% in the 2nd quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock valued at $107,447,000 after buying an additional 1,122,676 shares during the period. Holocene Advisors LP grew its position in shares of Performance Food Group by 32.0% during the third quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock worth $234,174,000 after buying an additional 724,094 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Performance Food Group by 27.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock valued at $142,170,000 after purchasing an additional 469,500 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Performance Food Group by 27.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock valued at $113,093,000 after purchasing an additional 372,218 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.