Performance Food Group (NYSE:PFGC) Insider Erika Davis Sells 1,320 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 1,320 shares of Performance Food Group stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total value of $138,982.80. Following the sale, the insider directly owned 40,402 shares of the company’s stock, valued at $4,253,926.58. This represents a 3.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $104.94 on Wednesday. The firm has a market capitalization of $16.53 billion, a P/E ratio of 45.82, a P/E/G ratio of 1.36 and a beta of 0.91. 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’s 50-day simple moving average is $110.14 and its two-hundred day simple moving average is $98.43. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $117.47.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business posted $0.84 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. As a group, equities analysts anticipate that Performance Food Group Company will post 5.58 EPS for the current fiscal year.

Key Headlines Impacting Performance Food Group

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Fiscal fourth-quarter sales rose 6.4% year over year to $18.03 billion, while total case volume increased 3.5% and organic case volume grew 1.8%. Net income also climbed 23.4% to $162.3 million, suggesting that growth was not driven solely by pricing. Performance Food sales and earnings article
• Positive Sentiment: Analyst sentiment remains favorable. Citigroup raised its price target to $144, Wells Fargo increased its target to $130, and Deutsche Bank reiterated a buy rating at $133. The stock has a consensus “Moderate Buy” rating and an average target of $126.90, well above recent trading levels.
• Positive Sentiment: Institutional ownership remains high at approximately 96.9%. Reported buying and position increases by California State Teachers’ Retirement System, BlackRock, Primecap Management, Norges Bank and Wellington Management could provide longer-term support for PFGC.
• Neutral Sentiment: Performance Food Group announced the resignation of board member Scott… on August 24. The available report does not provide a reason, making the immediate effect on the company’s outlook unclear. Performance Food Group board resignation
• Negative Sentiment: Multiple insiders sold shares during August 20–25. The largest disclosed transactions included Donald S. Bulmer selling 10,535 shares, Erika T. Davis selling 8,008 shares and A. Brent King selling 8,023 shares, followed by additional smaller sales. Although such transactions may reflect personal or compensation-related decisions, the clustered selling reduces insider ownership and may pressure near-term sentiment.
• Negative Sentiment: Product-cost inflation reached approximately 4.7%, raising concerns about how much reported sales growth reflects pricing rather than underlying demand. In addition, the latest quarterly EPS and revenue results narrowly missed consensus estimates, while PFGC trades below its 50-day moving average and at a relatively elevated earnings multiple.

Institutional Trading of Performance Food Group

Several hedge funds and other institutional investors have recently bought and sold shares of PFGC. California State Teachers Retirement System grew its position in Performance Food Group by 10,766.1% during the second quarter. California State Teachers Retirement System now owns 19,960,216 shares of the food distribution company’s stock valued at $2,231,353,000 after acquiring an additional 19,776,523 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Performance Food Group in the 2nd quarter worth approximately $1,576,983,000. Primecap Management Co. CA bought a new stake in shares of Performance Food Group in the 2nd quarter worth approximately $305,064,000. Norges Bank purchased a new stake in shares of Performance Food Group in the 4th quarter valued at $208,170,000. Finally, Wellington Management Group LLP boosted its stake in shares of Performance Food Group by 46.2% in the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after purchasing an additional 1,964,799 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PFGC shares. BMO Capital Markets reiterated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. UBS Group lowered their price objective on shares of 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. Morgan Stanley lifted their price objective on shares of Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Citigroup upped their target price on shares of Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings raised Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.90.

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.