Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 2,404 Shares of Stock

Performance Food Group (NYSE:PFGC - Get Free Report) insider Donald S. Bulmer sold 2,404 shares of the business's stock in a transaction on Friday, May 30th. The stock was 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 in the company, valued at approximately $4,621,500. This represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Performance Food Group Price Performance

NYSE:PFGC traded up $0.54 during trading hours on Friday, hitting $88.30. The company's stock had a trading volume of 834,107 shares, compared to its average volume of 1,116,805. The stock has a fifty day simple moving average of $81.70 and a 200-day simple moving average of $83.69. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a market capitalization of $13.78 billion, a P/E ratio of 35.61, a PEG ratio of 0.96 and a beta of 1.18.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The firm had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The company's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. On average, analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.

Institutional Trading of Performance Food Group

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after buying an additional 401,235 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after purchasing an additional 212 shares in the last quarter. KBC Group NV boosted its holdings in Performance Food Group by 46.5% during the fourth quarter. KBC Group NV now owns 6,017 shares of the food distribution company's stock worth $509,000 after purchasing an additional 1,911 shares during the last quarter. Jennison Associates LLC grew its position in Performance Food Group by 8.1% in the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company's stock worth $141,003,000 after purchasing an additional 125,532 shares in the last quarter. Finally, Trust Point Inc. increased its stake in Performance Food Group by 23.8% in the 4th quarter. Trust Point Inc. now owns 4,645 shares of the food distribution company's stock valued at $393,000 after buying an additional 894 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley raised their price objective on Performance Food Group from $92.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Barclays boosted their price target on Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Citigroup assumed coverage on Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for the company. Finally, Truist Financial decreased their price objective on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Performance Food Group currently has an average rating of "Moderate Buy" and an average price target of $100.08.

About Performance Food Group

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.