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

Performance Food Group Company (NYSE:PFGC) insider Erika Davis 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 $104.42, for a total transaction of $123,006.76. Following the transaction, the insider directly owned 42,808 shares of the company’s stock, valued at approximately $4,470,011.36. This trade represents a 2.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Performance Food Group Stock Up 0.9%

NYSE:PFGC traded up $0.91 during mid-day trading on Monday, hitting $105.89. 1,314,810 shares of the company’s stock were exchanged, compared to its average volume of 1,969,529. The company has a market cap of $16.68 billion, a PE ratio of 46.24, a P/E/G ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. Performance Food Group Company has a one year low of $80.82 and a one year high of $117.47. The business has a fifty day moving average price of $110.09 and a 200 day moving average price of $98.26.

Performance Food Group (NYSE:PFGC) last released 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 analysts’ expectations of $18.11 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. Performance Food Group’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts predict that Performance Food Group Company will post 5.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PFGC shares. Weiss Ratings raised Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. Morgan Stanley upped their target price on shares of Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. BMO Capital Markets reissued an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Finally, Guggenheim boosted their price objective on shares of Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average target price of $126.90.

Institutional Investors Weigh In On Performance Food Group

Several large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in shares of Performance Food Group by 9.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,400,934 shares of the food distribution company’s stock worth $125,972,000 after buying an additional 121,202 shares during the last quarter. BlackRock Inc. purchased a new stake in Performance Food Group during the second quarter valued at $1,576,983,000. Kennedy Capital Management LLC lifted its holdings in Performance Food Group by 7.3% in the fourth quarter. Kennedy Capital Management LLC now owns 207,351 shares of the food distribution company’s stock valued at $18,645,000 after acquiring an additional 14,173 shares during the period. Hsbc Holdings PLC lifted its holdings in Performance Food Group by 30.9% in the fourth quarter. Hsbc Holdings PLC now owns 48,951 shares of the food distribution company’s stock valued at $4,408,000 after acquiring an additional 11,569 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Performance Food Group in the fourth quarter worth about $81,020,000. 96.87% of the stock is currently owned by institutional investors.

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.