Performance Food Group Company (NYSE:PFGC - Get Free Report) insider Hugh Patrick Hatcher sold 2,000 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the transaction, the insider directly owned 35,239 shares in the company, valued at $3,347,705. This trade represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Performance Food Group Stock Performance
Shares of NYSE PFGC traded down $0.73 during trading on Thursday, reaching $99.18. The stock had a trading volume of 1,578,460 shares, compared to its average volume of 1,137,387. Performance Food Group Company has a one year low of $63.24 and a one year high of $100.26. 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 stock has a market cap of $15.48 billion, a PE ratio of 41.33, a P/E/G ratio of 1.36 and a beta of 1.15. The firm's 50 day moving average price is $88.09 and its two-hundred day moving average price is $84.02.
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 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The company 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 16.17% and a net margin of 0.61%. Performance Food Group's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. On average, research analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in PFGC. Victory Capital Management Inc. grew its stake in Performance Food Group by 59.3% during the 1st quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company's stock worth $489,800,000 after buying an additional 2,318,763 shares during the last quarter. Norges Bank bought a new position in Performance Food Group during the 4th quarter worth $164,471,000. JPMorgan Chase & Co. grew its stake in 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 worth $407,922,000 after buying an additional 1,503,703 shares during the last quarter. Junto Capital Management LP grew its stake in 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 worth $118,884,000 after buying an additional 1,135,641 shares during the last quarter. Finally, Nuveen LLC bought a new position in Performance Food Group during the 1st quarter worth $69,456,000. 96.87% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. UBS Group lifted their price objective on Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Truist Financial dropped their price objective on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Citigroup initiated coverage on Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price objective on the stock. Finally, Barclays lifted their price objective on Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Performance Food Group has a consensus rating of "Moderate Buy" and a consensus target price of $100.31.
View Our Latest Stock Report on PFGC
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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