Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 1,178 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 1,178 shares of Performance Food Group stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $104.43, for a total transaction of $123,018.54. Following the transaction, the insider directly owned 46,622 shares of the company’s stock, valued at $4,868,735.46. This represents a 2.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, August 20th, A Brent King sold 8,023 shares of Performance Food Group stock. The stock was sold at an average price of $104.21, for a total transaction of $836,076.83.
• On Tuesday, August 18th, A Brent King sold 1,529 shares of Performance Food Group stock. The shares were sold at an average price of $104.64, for a total transaction 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 value 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 value 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 value 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 value of $545,089.83.

Performance Food Group Price Performance

PFGC traded up $0.91 during trading on Monday, hitting $105.89. The company’s stock had a trading volume of 1,314,810 shares, compared to its average volume of 1,969,529. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 46.24, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The firm’s 50 day moving average price is $110.09 and its two-hundred day moving average price is $98.26. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $117.47.

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

Institutional Investors Weigh In On Performance Food Group

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Performance Food Group by 0.3% in the 1st 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 purchasing an additional 121 shares during the period. HB Wealth Management LLC grew its stake in shares of Performance Food Group by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock worth $285,000 after purchasing an additional 122 shares during the period. Arax Advisory Partners increased its holdings in Performance Food Group by 7.4% in the fourth quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock valued at $184,000 after purchasing an additional 140 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Performance Food Group by 16.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock valued at $91,000 after buying an additional 143 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its stake in Performance Food Group by 6.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 2,701 shares of the food distribution company’s stock valued at $243,000 after buying an additional 173 shares during the period. 96.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $133.00 price target on shares of Performance Food Group in a report on Thursday, August 13th. TD Cowen dropped their price objective on shares of Performance Food Group from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Wells Fargo & Company increased their price objective on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, UBS Group lowered their target price 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.90.

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.