Carol A. O’connell Sells 4,505 Shares of Performance Food Group Co (PFGC) Stock
Performance Food Group Co (NYSE:PFGC) insider Carol A. O’connell sold 4,505 shares of the stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $34.00, for a total transaction of $153,170.00. Following the sale, the insider now owns 20,891 shares of the company’s stock, valued at approximately $710,294. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE PFGC traded down $0.30 during trading hours on Tuesday, hitting $33.90. 1,076,600 shares of the stock were exchanged, compared to its average volume of 675,131. The stock has a market capitalization of $3.50 billion, a P/E ratio of 21.98, a P/E/G ratio of 1.09 and a beta of 0.19. Performance Food Group Co has a 12-month low of $26.35 and a 12-month high of $39.45. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 1.04.
Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, August 15th. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.07). The firm had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Performance Food Group had a return on equity of 15.58% and a net margin of 1.13%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.48 earnings per share. equities research analysts expect that Performance Food Group Co will post 1.74 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of PFGC. Sterling Capital Management LLC purchased a new position in Performance Food Group during the second quarter worth about $24,545,000. Millennium Management LLC raised its holdings in Performance Food Group by 202.6% during the second quarter. Millennium Management LLC now owns 705,332 shares of the restaurant operator’s stock worth $25,886,000 after purchasing an additional 472,273 shares in the last quarter. Scopus Asset Management L.P. raised its holdings in Performance Food Group by 420.0% during the second quarter. Scopus Asset Management L.P. now owns 520,000 shares of the restaurant operator’s stock worth $19,084,000 after purchasing an additional 420,000 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Performance Food Group by 62.7% during the second quarter. Wells Fargo & Company MN now owns 1,026,740 shares of the restaurant operator’s stock worth $37,681,000 after purchasing an additional 395,836 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Performance Food Group by 27.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,740,423 shares of the restaurant operator’s stock worth $51,952,000 after purchasing an additional 375,955 shares in the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.
About Performance Food Group
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, such as meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as seafood products, shortenings and oils, baked goods, and salad dressings.
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