Performance Food Group (NYSE:PFGC) Insider Sells $984,813.76 in Stock

Performance Food Group (NYSE:PFGC - Get Free Report) insider A Brent King sold 11,104 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $88.69, for a total transaction of $984,813.76. Following the sale, the insider now owns 65,952 shares in the company, valued at $5,849,282.88. This represents a 14.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $1,158,197.32.

Performance Food Group Stock Up 0.3%

Shares of PFGC traded up $0.29 during mid-day trading on Friday, hitting $89.58. 1,204,432 shares of the company's stock were exchanged, compared to its average volume of 1,120,295. The firm has a fifty day moving average of $80.86 and a two-hundred day moving average of $83.57. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 36.12, a P/E/G 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 (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 the consensus estimate 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 analyst estimates of $15.41 billion. During the same quarter last year, the company earned $0.80 EPS. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, sell-side analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PFGC. Barclays boosted their price target on shares of Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday. Truist Financial cut their price target on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the company an "overweight" rating in a report on Thursday. UBS Group upped their price objective on shares of Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Piper Sandler lowered shares of Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $100.08.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Millstone Evans Group LLC acquired a new position in shares of Performance Food Group during the 4th quarter worth $26,000. CENTRAL TRUST Co boosted its holdings in shares of Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after buying an additional 405 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after buying an additional 334 shares during the period. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after buying an additional 212 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Performance Food Group during the 1st quarter worth $44,000. Institutional investors and hedge funds 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.