Performance Food Group (NYSE:PFGC) Insider Sells $351,800.00 in Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 3,518 shares of the business’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 completion of the transaction, the insider owned 50,371 shares in the company, valued at $5,037,100. The trade was a 6.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, June 9th, A Brent King sold 3,322 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total value of $332,200.00.
• 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

Shares of Performance Food Group stock opened at $104.22 on Friday. The stock’s 50-day simple moving average is $92.92 and its 200-day simple moving average is $92.34. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $109.05. The company has a market capitalization of $16.37 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 1.63 and a beta of 0.93. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data 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 business had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. During the same period in the previous year, the business earned $0.79 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. As a group, analysts expect that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Performance Food Group

A number of hedge funds have recently made changes to their positions in PFGC. Capital World Investors raised 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 valued at $2,037,910,000 after purchasing an additional 216,720 shares during the period. Wellington Management Group LLP raised its position in Performance Food Group by 46.2% during the third quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after purchasing an additional 1,964,799 shares during the period. Geode Capital Management LLC raised its position in Performance Food Group by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 2,803,918 shares of the food distribution company’s stock valued at $252,207,000 after purchasing an additional 36,031 shares during the period. Eminence Capital LP raised its position in Performance Food Group by 60.5% during the fourth quarter. Eminence Capital LP now owns 2,647,353 shares of the food distribution company’s stock valued at $238,050,000 after purchasing an additional 998,249 shares during the period. Finally, Invesco Ltd. raised its position in Performance Food Group by 79.1% during the third quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after purchasing an additional 1,168,869 shares during the period. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $123.00 target price on shares of Performance Food Group in a research report on Thursday, May 7th. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Barclays boosted their target price on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Citigroup boosted their target price on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Performance Food Group presently 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.