Performance Food Group (NYSE:PFGC - Get Free Report) insider Erika T. Davis sold 8,200 shares of Performance Food Group stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $89.72, for a total transaction of $735,704.00. Following the sale, the insider now owns 46,722 shares in the company, valued at $4,191,897.84. This represents a 14.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Performance Food Group Price Performance
Shares of PFGC traded down $0.24 during trading hours on Tuesday, reaching $88.98. The company had a trading volume of 786,999 shares, compared to its average volume of 1,118,080. The firm has a 50 day simple moving average of $81.09 and a 200-day simple moving average of $83.60. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 0.96 and a beta of 1.13. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44.
Performance Food Group (NYSE:PFGC - Get Free Report) last released 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 analysts' expectations of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. Research analysts expect that Performance Food Group will post 4.58 earnings per share for the current year.
Institutional Trading of Performance Food Group
Institutional investors have recently added to or reduced their stakes in the stock. Millstone Evans Group LLC purchased a new stake in Performance Food Group during the fourth quarter worth about $26,000. CENTRAL TRUST Co boosted its holdings in Performance Food Group by 476.5% during the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after buying an additional 405 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Performance Food Group by 203.7% in the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after purchasing an additional 334 shares in the last quarter. Blue Trust Inc. grew its position in shares of Performance Food Group by 64.6% in 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Performance Food Group in the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 96.87% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on PFGC shares. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $92.00 to $90.00 in a report on Friday, February 7th. Morgan Stanley upped their target price on shares of Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. UBS Group upped their target price on shares of Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, May 29th. Sanford C. Bernstein set a $112.00 target price on shares of Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Finally, Citigroup started coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 target price for the company. 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 company. According to data from MarketBeat, Performance Food Group currently has an average rating of "Moderate Buy" and an average price target of $100.08.
Check Out Our Latest Analysis on PFGC
About Performance Food Group
(
Get Free Report)
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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