Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 6,111 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 6,111 shares of Performance Food Group stock in a transaction on Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $641,655.00. Following the completion of the transaction, the insider directly owned 44,260 shares of the company’s stock, valued at $4,647,300. This represents a 12.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, June 9th, A Brent King sold 3,322 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total value of $332,200.00.
• On Wednesday, June 10th, A Brent King sold 3,518 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total value of $351,800.00.
• On Monday, June 1st, A Brent King sold 5,641 shares of Performance Food Group stock. The stock was sold at an average price of $96.63, for a total value of $545,089.83.

Performance Food Group Price Performance

Shares of Performance Food Group stock traded up $0.06 during trading on Monday, reaching $104.13. 1,510,628 shares of the company’s stock were exchanged, compared to its average volume of 2,085,358. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $109.05. The company has a market cap of $16.36 billion, a P/E ratio of 49.59, a PEG ratio of 1.63 and a beta of 0.93. The firm’s 50-day moving average price is $92.92 and its 200 day moving average price is $92.32.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays boosted their price target on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Citigroup boosted their price target on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $123.00 price objective on shares of Performance Food Group in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors have recently made changes to their positions in PFGC. Goldman Sachs Group Inc. grew its position in shares of Performance Food Group by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock valued at $62,266,000 after buying an additional 184,066 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Performance Food Group in the 1st quarter valued at about $359,000. EverSource Wealth Advisors LLC grew its position in shares of Performance Food Group by 440.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after buying an additional 537 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Performance Food Group in the 2nd quarter valued at about $230,000. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Performance Food Group by 499.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after purchasing an additional 273,997 shares during the period. 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.