Kimberly Grant Sells 2,500 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) Director Kimberly Grant sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the transaction, the director directly owned 11,935 shares in the company, valued at $1,133,825. The trade was a 17.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Performance Food Group Price Performance

Performance Food Group stock opened at $93.71 on Friday. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $109.05. The stock’s 50 day moving average is $89.04 and its 200-day moving average is $92.14. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 1.49 and a beta of 0.92.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $16.17 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts expect that Performance Food Group Company will post 4.57 EPS for the current year.

Institutional Trading of Performance Food Group

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in Performance Food Group by 1.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock worth $1,134,000 after acquiring an additional 113 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Performance Food Group by 0.3% during 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 acquiring an additional 121 shares during the period. HB Wealth Management LLC grew its holdings in Performance Food Group by 3.8% during the 1st quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock worth $285,000 after acquiring an additional 122 shares during the period. Arax Advisory Partners grew its holdings in Performance Food Group by 7.4% during the 4th quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock worth $184,000 after acquiring an additional 140 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in Performance Food Group by 16.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock worth $91,000 after acquiring an additional 143 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $123.00 price target on shares of Performance Food Group in a research note on Thursday, May 7th. UBS Group decreased their price objective 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. Finally, Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.00.

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.