Performance Food Group (NYSE:PFGC) Insider Sells $1,115,656.50 in Stock

Performance Food Group Company (NYSE:PFGC) insider Donald Bulmer sold 10,535 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $105.90, for a total transaction of $1,115,656.50. Following the completion of the sale, the insider owned 54,291 shares of the company’s stock, valued at $5,749,416.90. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Performance Food Group Price Performance

NYSE PFGC opened at $102.20 on Friday. 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 fifty day simple moving average of $110.09 and a 200 day simple moving average of $98.57. The company has a market cap of $16.10 billion, a P/E ratio of 44.63, a P/E/G ratio of 1.32 and a beta of 0.91. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $117.47.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The firm had revenue of $18.03 billion during the quarter, compared to analyst estimates of $18.11 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 earnings per share. On average, sell-side analysts predict that Performance Food Group Company will post 5.58 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PFGC. Capital World Investors grew its position in Performance Food Group by 1.0% during the fourth quarter. Capital World Investors now owns 22,663,573 shares of the food distribution company’s stock worth $2,037,910,000 after buying an additional 216,720 shares in the last quarter. California State Teachers Retirement System raised its holdings in Performance Food Group by 10,766.1% in the 2nd quarter. California State Teachers Retirement System now owns 19,960,216 shares of the food distribution company’s stock valued at $2,231,353,000 after acquiring an additional 19,776,523 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Performance Food Group in the 2nd quarter worth approximately $1,576,983,000. Wellington Management Group LLP lifted its position in shares of Performance Food Group by 46.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock worth $646,447,000 after acquiring an additional 1,964,799 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of 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 worth $252,207,000 after purchasing an additional 36,031 shares in the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wells Fargo & Company boosted their price objective on Performance Food Group from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. TD Cowen lowered 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. UBS Group dropped their price target on Performance Food Group from $132.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. Finally, Weiss Ratings raised Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating 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. According to MarketBeat, the company has an average 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.