Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells $159,994.56 in Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 1,529 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $104.64, for a total transaction of $159,994.56. Following the sale, the insider directly owned 50,095 shares of the company’s stock, valued at $5,241,940.80. The trade was a 2.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 shares were 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 shares were sold at an average price of $96.63, for a total transaction of $545,089.83.

Performance Food Group Stock Up 1.0%

PFGC opened at $104.99 on Friday. The firm’s 50 day simple moving average is $110.09 and its two-hundred day simple moving average is $98.24. The company has a market capitalization of $16.54 billion, a PE ratio of 45.85, a PEG ratio of 1.35 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. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data 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 business had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. As a group, equities analysts forecast that Performance Food Group Company will post 5.58 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. Guggenheim raised their price objective on Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Citigroup raised their price objective 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. Weiss Ratings raised Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Finally, UBS Group cut their price objective on Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.90.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors have recently added to or reduced their stakes in PFGC. AlphaGrep UK Ltd bought a new stake in shares of Performance Food Group during the second quarter valued at approximately $622,000. Nykredit A S bought a new position in shares of Performance Food Group during the second quarter worth $678,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Performance Food Group during the second quarter worth $1,851,000. Cookson Peirce & Co. Inc. boosted its position in shares of Performance Food Group by 8.4% during the second quarter. Cookson Peirce & Co. Inc. now owns 4,103 shares of the food distribution company’s stock worth $459,000 after acquiring an additional 318 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Performance Food Group by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,472 shares of the food distribution company’s stock valued at $835,000 after acquiring an additional 175 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.