Performance Food Group (NYSE:PFGC) Insider Erika Davis Sells 1,750 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 1,750 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total transaction of $166,250.00. Following the transaction, the insider owned 44,791 shares of the company’s stock, valued at $4,255,145. This represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $97.18 on Friday. The firm has a market capitalization of $15.27 billion, a PE ratio of 46.28, a P/E/G ratio of 1.51 and a beta of 0.92. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $109.05. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average price of $89.69 and a two-hundred day moving average price of $92.06.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $16.29 billion during the quarter, compared to analysts’ expectations of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. Equities analysts forecast that Performance Food Group Company will post 4.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PFGC. UBS Group cut their price objective on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Barclays raised their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Citigroup raised their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Finally, Morgan Stanley lowered their target price on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $119.00.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds have recently added to or reduced their stakes in the company. Amundi lifted its stake in Performance Food Group by 154.3% during the first quarter. Amundi now owns 5,905 shares of the food distribution company’s stock worth $506,000 after purchasing an additional 3,583 shares during the last quarter. California State Teachers Retirement System lifted its stake in Performance Food Group by 23.8% during the first quarter. California State Teachers Retirement System now owns 183,693 shares of the food distribution company’s stock worth $15,735,000 after purchasing an additional 35,328 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Performance Food Group by 15.8% during the first quarter. The Manufacturers Life Insurance Company now owns 104,201 shares of the food distribution company’s stock worth $8,926,000 after purchasing an additional 14,241 shares during the last quarter. Luxor Capital Group LP bought a new stake in Performance Food Group during the first quarter worth about $32,397,000. Finally, Bollard Group LLC purchased a new position in shares of Performance Food Group during the first quarter worth approximately $2,346,000. Institutional investors own 96.87% of the company’s stock.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.