Performance Food Group (NYSE:PFGC) Insider A Brent King Sells 3,518 Shares

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 3,518 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $100.00, for a total value of $351,800.00. Following the sale, the insider owned 50,371 shares in the company, valued at approximately $5,037,100. This represents a 6.53% decrease in their ownership of the stock. The sale 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 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 transaction of $545,089.83.

Performance Food Group Price Performance

Shares of PFGC stock traded up $1.00 during trading on Wednesday, hitting $100.76. The company had a trading volume of 1,854,693 shares, compared to its average volume of 2,100,974. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. The stock’s 50-day moving average is $91.82 and its two-hundred day moving average is $92.15. The stock has a market capitalization of $15.83 billion, a price-to-earnings ratio of 47.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $109.05.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. Performance Food Group’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. As a group, analysts predict that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Performance Food Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in shares of Performance Food Group by 1.0% during the third quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock valued at $1,134,000 after acquiring an additional 113 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Performance Food Group by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock valued at $3,372,000 after acquiring an additional 121 shares in the last quarter. HB Wealth Management LLC increased its holdings in Performance Food Group by 3.8% in the 1st quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock worth $285,000 after buying an additional 122 shares in the last quarter. Arax Advisory Partners increased its holdings in Performance Food Group by 7.4% in the 4th quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock worth $184,000 after buying an additional 140 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Performance Food Group by 16.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock worth $91,000 after buying an additional 143 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of analyst reports. Barclays increased their price objective 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Citigroup raised their price target on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $123.00 price target on shares of Performance Food Group in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus 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.