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

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 1,750 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $105.00, for a total value of $183,750.00. Following the sale, the insider owned 43,041 shares of the company’s stock, valued at $4,519,305. The trade was a 3.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Performance Food Group Trading Up 0.1%

Shares of NYSE PFGC opened at $104.13 on Tuesday. Performance Food Group Company has a one year low of $80.82 and a one year high of $109.05. The firm has a market capitalization of $16.36 billion, a PE ratio of 49.59, a PEG ratio of 1.63 and a beta of 0.93. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The business has a 50-day moving average price of $93.33 and a two-hundred day moving average price of $92.37.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data 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 firm had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. During the same period last year, the company posted $0.79 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, analysts predict that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PFGC. Cedar Mountain Advisors LLC bought a new position in shares of Performance Food Group in the 1st quarter valued at approximately $28,000. Asset Planning Inc bought a new position in shares of Performance Food Group in the 1st quarter valued at approximately $35,000. Torren Management LLC bought a new position in shares of Performance Food Group in the 4th quarter valued at approximately $41,000. Lloyd Advisory Services LLC. bought a new position in shares of Performance Food Group in the 4th quarter valued at approximately $43,000. Finally, Clearstead Advisors LLC raised its stake in shares of Performance Food Group by 132.9% in the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after acquiring an additional 335 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Performance Food Group Company Profile

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.