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

Key Points

• Insider selling: A. Brent King sold 1,320 Performance Food Group shares at an average price of $105.29, worth approximately $138,983. King still owns 44,216 shares after a series of recent sales.
• Shares declined: PFGC stock fell 0.8% to $104.94, trading below its 50-day moving average of $110.13 but above its 200-day average of $98.33.
• Mixed results, positive analyst view: Quarterly earnings of $1.59 per share and revenue of $18.03 billion narrowly missed estimates, although revenue rose 6.7% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $126.90.

Performance Food Group Company (NYSE:PFGC - Get Free Report) insider A Brent King sold 1,320 shares of the business's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total value of $138,982.80. Following the completion of the transaction, the insider directly owned 44,216 shares of the company's stock, valued at approximately $4,655,502.64. The trade was a 2.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, August 21st, A Brent King sold 1,178 shares of Performance Food Group stock. The shares were sold at an average price of $104.43, for a total value of $123,018.54.
• On Thursday, August 20th, A Brent King sold 8,023 shares of Performance Food Group stock. The shares were sold at an average price of $104.21, for a total value of $836,076.83.
• On Tuesday, August 18th, A Brent King sold 1,529 shares of Performance Food Group stock. The stock was sold at an average price of $104.64, for a total transaction of $159,994.56.
• On Friday, June 12th, A Brent King sold 6,111 shares of Performance Food Group stock. The shares were sold at an average price of $105.00, for a total transaction of $641,655.00.
• On Tuesday, June 9th, A Brent King sold 3,322 shares of Performance Food Group stock. The stock was sold at an average price of $100.00, for a total transaction of $332,200.00.
• On Wednesday, June 10th, A Brent King sold 3,518 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total transaction of $351,800.00.
• On Monday, June 1st, A Brent King sold 5,641 shares of Performance Food Group stock. The stock was sold at an average price of $96.63, for a total transaction of $545,089.83.

Performance Food Group Stock Down 0.8%

Shares of PFGC stock traded down $0.84 during trading hours on Tuesday, reaching $104.94. 1,404,203 shares of the company's stock were exchanged, compared to its average volume of 1,966,040. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $117.47. The stock's 50 day moving average is $110.13 and its 200-day moving average is $98.33. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. The company 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). 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 analysts' expectations of $18.11 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The firm's quarterly revenue was up 6.7% compared to the same quarter last year. Analysts predict that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

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

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Performance Food Group by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company's stock valued at $62,266,000 after buying an additional 184,066 shares during the period. Empowered Funds LLC purchased a new position in Performance Food Group during the first quarter valued at approximately $359,000. EverSource Wealth Advisors LLC raised its position in Performance Food Group by 440.2% during the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company's stock valued at $58,000 after acquiring an additional 537 shares in the last quarter. Marshall Wace LLP acquired a new position in Performance Food Group in the second quarter valued at approximately $230,000. Finally, Qube Research & Technologies Ltd boosted its position in Performance Food Group by 499.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company's stock worth $28,764,000 after purchasing an additional 273,997 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

PFGC has been the subject of a number of research analyst reports. UBS Group decreased their price target on shares of Performance Food Group from $132.00 to $130.00 and set a "buy" rating for the company in a report on Friday, August 14th. Barclays raised their target price on Performance Food Group from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Thursday, May 7th. Morgan Stanley boosted their price target on Performance Food Group from $120.00 to $131.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. TD Cowen decreased their target price 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. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Performance Food Group in a 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 stock. According to data from MarketBeat, Performance Food Group has an average 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.

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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