A Brent King Sells 6,335 Shares of Performance Food Group Company (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC - Get Free Report) insider A Brent King sold 6,335 shares of Performance Food Group stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $100.00, for a total value of $633,500.00. Following the sale, the insider owned 61,083 shares of the company's stock, valued at approximately $6,108,300. This trade represents a 9.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, July 11th, A Brent King sold 7,865 shares of Performance Food Group stock. The shares were sold at an average price of $95.00, for a total value of $747,175.00.
• On Wednesday, May 28th, A Brent King sold 11,104 shares of Performance Food Group stock. The shares were sold at an average price of $88.69, for a total value of $984,813.76.
• On Thursday, May 29th, A Brent King sold 12,866 shares of Performance Food Group stock. The shares were sold at an average price of $90.02, for a total value of $1,158,197.32.

Performance Food Group Trading Down 0.5%

Performance Food Group stock traded down $0.47 during trading hours on Friday, reaching $98.66. The company had a trading volume of 1,273,037 shares, compared to its average volume of 1,140,071. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.61 and a quick ratio of 0.73. The company has a 50-day moving average price of $88.36 and a 200 day moving average price of $84.12. The firm has a market cap of $15.40 billion, a price-to-earnings ratio of 41.11, a P/E/G ratio of 1.40 and a beta of 1.15. Performance Food Group Company has a 12-month low of $63.24 and a 12-month high of $100.46.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The business had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. During the same period last year, the firm posted $0.80 earnings per share. Performance Food Group's quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PFGC has been the subject of a number of research analyst reports. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. Citigroup began coverage on Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price objective on the stock. Wall Street Zen cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. UBS Group raised their price objective on Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Finally, Truist Financial decreased their price objective on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $100.31.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC purchased a new stake in Performance Food Group in the second quarter worth $1,390,000. Spirepoint Private Client LLC grew its stake in Performance Food Group by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 7,082 shares of the food distribution company's stock worth $619,000 after purchasing an additional 184 shares during the period. Public Employees Retirement System of Ohio grew its stake in Performance Food Group by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 47,377 shares of the food distribution company's stock worth $4,144,000 after purchasing an additional 324 shares during the period. GAMMA Investing LLC grew its stake in Performance Food Group by 43.0% in the second quarter. GAMMA Investing LLC now owns 2,877 shares of the food distribution company's stock worth $252,000 after purchasing an additional 865 shares during the period. Finally, CX Institutional grew its stake in Performance Food Group by 16.0% in the second quarter. CX Institutional now owns 22,203 shares of the food distribution company's stock worth $1,942,000 after purchasing an additional 3,066 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.

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