Performance Food Group (NYSE:PFGC) Insider A Brent King Sells 1,529 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 1,529 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $104.64, for a total value of $159,994.56. Following the completion of the transaction, the insider owned 50,095 shares in the company, valued at approximately $5,241,940.80. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 shares were 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 transaction of $545,089.83.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $104.05 on Friday. The firm’s 50 day moving average price is $110.08 and its 200-day moving average price is $98.19. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $117.47. 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 $16.39 billion, a PE ratio of 45.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.91.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PFGC. Susquehanna Fundamental Investments LLC purchased a new position in Performance Food Group in the 2nd quarter worth approximately $1,851,000. Cookson Peirce & Co. Inc. grew its holdings in Performance Food Group by 8.4% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 4,103 shares of the food distribution company’s stock valued at $459,000 after buying an additional 318 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 buying an additional 175 shares during the last quarter. Greenleaf Trust bought a new stake in shares of Performance Food Group during the second quarter valued at approximately $201,000. Finally, Braun Stacey Associates Inc. lifted its holdings in shares of Performance Food Group by 23.0% in the second quarter. Braun Stacey Associates Inc. now owns 126,004 shares of the food distribution company’s stock worth $14,086,000 after buying an additional 23,575 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on PFGC shares. UBS Group lowered their target price on Performance Food Group from $132.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. TD Cowen decreased their price objective on Performance Food Group from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Guggenheim lifted their price objective on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Morgan Stanley boosted their price objective on Performance Food Group from $120.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Performance Food Group has a consensus rating of “Moderate Buy” and an average 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.