Donald Bulmer Sells 1,353 Shares of Performance Food Group (NYSE:PFGC) Stock

Key Points

• Insider sale: Donald Bulmer sold 1,353 Performance Food Group shares for approximately $142,457, reducing his direct ownership by 2.49% to 52,938 shares.
• Quarterly results slightly missed expectations: Performance Food Group reported $1.59 in EPS and $18.03 billion in revenue, just below analyst estimates, though revenue increased 6.7% year over year.
• Analyst outlook remains positive: Eleven analysts rate PFGC a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $126.90 versus the recent price near $104.94.

Performance Food Group Company (NYSE:PFGC - Get Free Report) insider Donald Bulmer sold 1,353 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total transaction of $142,457.37. Following the transaction, the insider directly owned 52,938 shares in the company, valued at approximately $5,573,842.02. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Performance Food Group Stock Performance

NYSE PFGC traded down $0.84 during trading on Tuesday, reaching $104.94. The company's stock had a trading volume of 1,404,203 shares, compared to its average volume of 1,966,040. The firm has a 50 day moving average price of $110.13 and a 200 day moving average price of $98.33. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $117.47. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 45.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced 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). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The business had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The firm's revenue for the quarter 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Performance Food Group in the 2nd quarter valued at $1,867,000. California State Teachers Retirement System grew its position in Performance Food Group by 10,766.1% during the 2nd quarter. California State Teachers Retirement System now owns 19,960,216 shares of the food distribution company's stock worth $2,231,353,000 after acquiring an additional 19,776,523 shares during the last quarter. HB Wealth Management LLC increased its holdings in Performance Food Group by 38.8% in the 2nd quarter. HB Wealth Management LLC now owns 4,619 shares of the food distribution company's stock worth $516,000 after purchasing an additional 1,291 shares in the last quarter. AlphaGrep UK Ltd bought a new position in Performance Food Group in the second quarter valued at about $622,000. Finally, Nykredit A S bought a new position in Performance Food Group in the second quarter valued at about $678,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PFGC shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $133.00 price target on shares of Performance Food Group in a research report on Thursday, August 13th. UBS Group reduced 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 note on Friday, August 14th. TD Cowen lowered their price target on Performance Food Group from $128.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Citigroup raised their price objective on Performance Food Group from $143.00 to $144.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Performance Food Group in a research report on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $126.90.

Key Headlines Impacting Performance Food Group

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

• Positive Sentiment: Fiscal fourth-quarter sales increased 6.4% to $18.03 billion, while total case volume rose 3.5% and organic case volume gained 1.8%. Net income increased 23.4% to $162.3 million, suggesting that growth was not driven solely by approximately 4.7% product-cost inflation. Performance Food growth and inflation 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. 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 strong at approximately 96.9%, with reported additions or new positions from investors including BlackRock, Primecap Management and Norges Bank. This may provide longer-term shareholder support, although the reported ownership changes should be monitored for accuracy and timing.
• Neutral Sentiment: Performance Food Group announced the resignation of board member Sc... on August 24. No reason was provided in the available report, making the immediate effect on PFGC difficult to assess. Performance Food Group board resignation article
• Negative Sentiment: Quarterly results were slightly below expectations: adjusted earnings were $1.59 per share versus a $1.60 consensus forecast, while revenue of $18.03 billion trailed estimates of $18.11 billion. With a price-to-earnings ratio above 45, even small misses may weigh on the stock’s near-term valuation.
• Negative Sentiment: Several insiders sold a combined 19,030 shares on August 20–21 for roughly $2.0 million at prices near $104.21–$104.43. The sales reduced individual holdings by about 2.5% to 18.1% and could pressure sentiment, although insider sales can also reflect personal liquidity or compensation-related decisions. PFGC insider trading report

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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