Erika Davis Sells 8,008 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 8,008 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $104.21, for a total value of $834,513.68. Following the sale, the insider owned 43,986 shares of the company’s stock, valued at approximately $4,583,781.06. This represents a 15.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Performance Food Group Price Performance

NYSE:PFGC traded up $0.91 during trading hours on Monday, hitting $105.89. The company’s stock had a trading volume of 1,314,810 shares, compared to its average volume of 1,969,529. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $117.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. The stock has a fifty day simple moving average of $110.09 and a 200-day simple moving average of $98.26. The company has a market capitalization of $16.68 billion, a P/E ratio of 46.24, a PEG ratio of 1.35 and a beta of 0.91.

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

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. increased 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 valued at $125,972,000 after acquiring an additional 121,202 shares in the last quarter. BlackRock Inc. bought a new position in Performance Food Group during the second quarter worth $1,576,983,000. Kennedy Capital Management LLC boosted its stake in Performance Food Group by 7.3% during the fourth quarter. Kennedy Capital Management LLC now owns 207,351 shares of the food distribution company’s stock worth $18,645,000 after acquiring an additional 14,173 shares in the last quarter. Hsbc Holdings PLC grew 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 worth $4,408,000 after purchasing an additional 11,569 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Performance Food Group in the fourth quarter valued at $81,020,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group dropped their price objective on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Morgan Stanley boosted 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 reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. TD Cowen cut their price objective on Performance Food Group from $128.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, Wells Fargo & Company boosted their price objective on Performance Food Group from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently 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.