Performance Food Group (NYSE:PFGC) Insider A Brent King Sells 8,023 Shares

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 8,023 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $104.21, for a total value of $836,076.83. Following the transaction, the insider owned 47,800 shares in the company, valued at approximately $4,981,238. This trade represents a 14.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, August 21st, A Brent King sold 1,178 shares of Performance Food Group stock. The shares were sold at an average price of $104.43, for a total transaction of $123,018.54.
• On Tuesday, August 18th, A Brent King sold 1,529 shares of Performance Food Group stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $96.63, for a total value of $545,089.83.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $105.89 on Tuesday. The company has a 50-day moving average price of $110.13 and a two-hundred day moving average price of $98.33. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $117.47. The firm 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. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. Equities analysts forecast that Performance Food Group Company will post 5.58 EPS for the current year.

Institutional Trading of Performance Food Group

Several institutional investors have recently made changes to their positions in PFGC. Cedar Mountain Advisors LLC bought a new stake in Performance Food Group during the 1st quarter valued at approximately $28,000. Asset Planning Inc purchased a new stake in Performance Food Group during the 1st quarter valued at approximately $35,000. Torren Management LLC purchased a new stake in Performance Food Group during the 4th quarter valued at approximately $41,000. Lloyd Advisory Services LLC. bought a new stake in shares of Performance Food Group during the fourth quarter valued at approximately $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Performance Food Group in the second quarter worth $51,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Trending Headlines about Performance Food Group

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

• Neutral Sentiment: Performance Food Group announced that board member Sc… resigned on August 24. The available report does not provide details on the reason for the departure, limiting the immediate assessment of its impact. Performance Food Group Announces Board Member Resignation
• Negative Sentiment: Several insiders sold a combined 19,030 shares in transactions executed August 20–21 at prices around $104.21–$104.43. While the sales are relatively small compared with the company’s overall market value, the concentration of selling may weigh on sentiment by signaling that insiders are reducing exposure. SEC insider trading filing SEC insider trading filing SEC insider trading filing
• Negative Sentiment: Erika T. Davis sold 9,186 shares for approximately $957,520, reducing her holdings by about 18.1% across the two reported transactions. A. Brent King sold 9,201 shares worth approximately $959,095, cutting his position by about 16.8%. Chasity D. Grosh sold 643 shares for roughly $67,142, an 8.2% reduction. These transactions are not necessarily evidence of deteriorating business conditions, as insiders may sell for personal or compensation-related reasons, but the timing and volume could create short-term selling pressure.

Analyst Ratings Changes

A number of brokerages have weighed in on PFGC. BMO Capital Markets reissued an “outperform” rating on shares of Performance Food Group 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 research note on Thursday, August 13th. Citigroup raised their price target on Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. Finally, Wells Fargo & Company upped their target price on shares of Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.90.

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.