Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells $332,200.00 in Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 3,322 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $100.00, for a total value of $332,200.00. Following the transaction, the insider owned 53,889 shares in the company, valued at approximately $5,388,900. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 stock was sold at an average price of $96.63, for a total value of $545,089.83.

Performance Food Group Trading Up 0.2%

Shares of Performance Food Group stock opened at $104.22 on Friday. The stock has a market cap of $16.37 billion, a P/E ratio of 49.63, a P/E/G ratio of 1.63 and a beta of 0.93. 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 1-year low of $80.82 and a 1-year high of $109.05. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 EPS. Analysts predict that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PFGC. Barclays lifted their price target on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Finally, Citigroup lifted their price target on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and an average target price of $119.00.

Institutional Trading of Performance Food Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi raised its position in Performance Food Group by 154.3% in the first quarter. Amundi now owns 5,905 shares of the food distribution company’s stock valued at $506,000 after purchasing an additional 3,583 shares during the period. California State Teachers Retirement System raised its position in Performance Food Group by 23.8% in the first quarter. California State Teachers Retirement System now owns 183,693 shares of the food distribution company’s stock valued at $15,735,000 after purchasing an additional 35,328 shares during the period. The Manufacturers Life Insurance Company raised its position in Performance Food Group by 15.8% in the first quarter. The Manufacturers Life Insurance Company now owns 104,201 shares of the food distribution company’s stock valued at $8,926,000 after purchasing an additional 14,241 shares during the period. Luxor Capital Group LP purchased a new stake in Performance Food Group in the first quarter valued at approximately $32,397,000. Finally, Bollard Group LLC purchased a new stake in Performance Food Group in the first quarter valued at approximately $2,346,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.