Performance Food Group Company (NYSE:PFGC) Insider A Brent King Sells 7,865 Shares

Performance Food Group Company (NYSE:PFGC - Get Free Report) insider A Brent King sold 7,865 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $95.00, for a total value of $747,175.00. Following the completion of the sale, the insider directly owned 61,083 shares of the company's stock, valued at $5,802,885. The trade was a 11.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, May 28th, A Brent King sold 11,104 shares of Performance Food Group stock. The shares were sold at an average price of $88.69, for a total value of $984,813.76.
• On Thursday, May 29th, A Brent King sold 12,866 shares of Performance Food Group stock. The shares were sold at an average price of $90.02, for a total value of $1,158,197.32.

Performance Food Group Price Performance

NYSE PFGC traded down $0.73 during trading hours on Thursday, hitting $99.18. The company had a trading volume of 2,769,996 shares, compared to its average volume of 1,139,539. Performance Food Group Company has a 52 week low of $63.24 and a 52 week high of $100.46. The firm has a 50 day simple moving average of $88.36 and a 200 day simple moving average of $84.12. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.73 and a current ratio of 1.61. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 1.40 and a beta of 1.15.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The company had revenue of $15.31 billion during 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% compared to the same quarter last year. Equities research analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on PFGC shares. Citigroup started coverage on Performance Food Group in a research note on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for the company. UBS Group increased their price target on Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, May 29th. Morgan Stanley increased their price target on Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Monday. Barclays increased their price target on Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $100.31.

Institutional Trading of Performance Food Group

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in shares of Performance Food Group by 746.2% in the 1st quarter. SG Americas Securities LLC now owns 11,178 shares of the food distribution company's stock valued at $879,000 after acquiring an additional 9,857 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Performance Food Group during the 4th quarter valued at about $2,087,000. KLP Kapitalforvaltning AS purchased a new position in shares of Performance Food Group during the 4th quarter valued at about $3,697,000. LPL Financial LLC raised its holdings in shares of Performance Food Group by 37.1% during the 4th quarter. LPL Financial LLC now owns 93,183 shares of the food distribution company's stock valued at $7,992,000 after buying an additional 25,192 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Performance Food Group by 52.6% during the 1st quarter. UMB Bank n.a. now owns 1,169 shares of the food distribution company's stock valued at $92,000 after buying an additional 403 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, 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.