Performance Food Group (NYSE:PFGC) Insider Sells $166,250.00 in Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 1,750 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total transaction of $166,250.00. Following the transaction, the insider directly owned 44,791 shares in the company, valued at $4,255,145. This trade represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Performance Food Group Stock Performance

Shares of PFGC stock traded up $0.58 during mid-day trading on Thursday, reaching $97.18. The stock had a trading volume of 1,328,620 shares, compared to its average volume of 2,151,722. The firm’s 50 day simple moving average is $89.48 and its 200 day simple moving average is $92.08. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. Performance Food Group Company has a one year low of $80.82 and a one year high of $109.05. The firm has a market cap of $15.27 billion, a PE ratio of 46.28, a P/E/G ratio of 1.47 and a beta of 0.92.

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

Institutional Investors Weigh In On Performance Food Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital World Investors increased its holdings in Performance Food Group by 1.0% during the 4th quarter. Capital World Investors now owns 22,663,573 shares of the food distribution company’s stock valued at $2,037,910,000 after purchasing an additional 216,720 shares in the last quarter. Wellington Management Group LLP increased its holdings in Performance Food Group by 46.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after purchasing an additional 1,964,799 shares in the last quarter. Geode Capital Management LLC increased its holdings in Performance Food Group by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,918 shares of the food distribution company’s stock valued at $252,207,000 after purchasing an additional 36,031 shares in the last quarter. Eminence Capital LP increased its holdings in Performance Food Group by 60.5% during the 4th quarter. Eminence Capital LP now owns 2,647,353 shares of the food distribution company’s stock valued at $238,050,000 after purchasing an additional 998,249 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Performance Food Group by 79.1% during the 3rd quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after purchasing an additional 1,168,869 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on PFGC shares. 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 report on Thursday, May 7th. Morgan Stanley dropped their target price on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Barclays increased their target price on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, UBS Group dropped their target price on Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Performance Food Group Company Profile

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.