Performance Food Group (NYSE:PFGC) Insider Sells $1,115,656.50 in Stock

Key Points

• Insider Donald Bulmer sold 10,535 PFGC shares at an average price of $105.90, totaling approximately $1.12 million. His remaining stake fell 16.25% to 54,291 shares.
• Performance Food Group reported quarterly revenue of $18.03 billion, up 6.7% year over year, but earnings of $1.59 per share and revenue came in slightly below analyst expectations.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $126.90 versus the stock’s recent price near $104.94.

Performance Food Group Company (NYSE:PFGC - Get Free Report) insider Donald Bulmer sold 10,535 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $105.90, for a total transaction of $1,115,656.50. Following the sale, the insider owned 54,291 shares of the company's stock, valued at approximately $5,749,416.90. This represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 business's fifty day moving average price is $110.13 and its 200-day moving average price is $98.33. 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 quick ratio of 0.67 and a current ratio of 1.51. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 45.82, a P/E/G ratio of 1.35 and a beta of 0.91.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share 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%.Performance Food Group's quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. As a group, analysts anticipate that Performance Food Group Company will post 5.58 EPS for the current fiscal year.

Analyst Ratings Changes

PFGC has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of Performance Food Group from $115.00 to $130.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Performance Food Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $133.00 price target on shares of Performance Food Group in a research note on Thursday, August 13th. Barclays raised their price objective 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. Finally, Citigroup lifted their price objective on Performance Food Group from $143.00 to $144.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.90.

Key Stories 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

Hedge Funds Weigh In On Performance Food Group

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in shares of Performance Food Group by 30.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company's stock worth $62,266,000 after acquiring an additional 184,066 shares in the last quarter. Empowered Funds LLC purchased a new stake in Performance Food Group during the first quarter worth $359,000. EverSource Wealth Advisors LLC grew its holdings in Performance Food Group by 440.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company's stock valued at $58,000 after purchasing an additional 537 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Performance Food Group in the second quarter valued at $230,000. Finally, Qube Research & Technologies Ltd increased its position in shares of Performance Food Group by 499.5% in the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company's stock valued at $28,764,000 after buying an additional 273,997 shares in the last quarter. 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.

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