Performance Food Group (NYSE:PFGC - Get Free Report) insider Donald S. Bulmer sold 2,404 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $90.00, for a total value of $216,360.00. Following the completion of the transaction, the insider now directly owns 51,350 shares of the company's stock, valued at $4,621,500. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Performance Food Group Price Performance
PFGC traded down $0.37 during midday trading on Thursday, reaching $87.35. 10,835 shares of the company's stock were exchanged, compared to its average volume of 1,113,101. The firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth ratio of 0.96 and a beta of 1.13. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The business has a 50-day simple moving average of $81.52 and a two-hundred day simple moving average of $83.66.
Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The business had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $15.41 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, research analysts predict that Performance Food Group will post 4.58 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have recently commented on PFGC. UBS Group lifted their price objective on Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Citigroup started coverage on Performance Food Group in a research note on Thursday, May 22nd. They set a "buy" rating and a $121.00 price objective on the stock. Truist Financial cut their price target on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Finally, Barclays boosted their price objective on Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Performance Food Group has an average rating of "Moderate Buy" and a consensus price target of $100.08.
Get Our Latest Research Report on Performance Food Group
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in Performance Food Group by 154.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock worth $330,625,000 after purchasing an additional 2,371,818 shares during the last quarter. Norges Bank bought a new stake in shares of Performance Food Group during the 4th quarter valued at $164,471,000. JPMorgan Chase & Co. raised its position in shares of Performance Food Group by 40.8% during the 1st quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock valued at $407,922,000 after acquiring an additional 1,503,703 shares during the last quarter. Junto Capital Management LP raised its position in shares of Performance Food Group by 419.9% during the 4th quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company's stock valued at $118,884,000 after acquiring an additional 1,135,641 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Performance Food Group during the 1st quarter valued at $69,456,000. Institutional investors own 96.87% of the company's stock.
About Performance Food Group
(
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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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