Performance Food Group (NYSE:PFGC) Insider Sells $123,006.76 in Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 1,178 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $104.42, for a total value of $123,006.76. Following the completion of the transaction, the insider owned 42,808 shares of the company’s stock, valued at $4,470,011.36. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Performance Food Group Stock Performance

Shares of Performance Food Group stock opened at $102.50 on Thursday. The stock has a market cap of $16.15 billion, a price-to-earnings ratio of 44.76, a P/E/G ratio of 1.35 and a beta of 0.91. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $117.47. The company’s fifty day moving average is $110.12 and its 200 day moving average is $98.52. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The company had revenue of $18.03 billion for the quarter, compared to the consensus estimate of $18.11 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Sell-side analysts forecast that Performance Food Group Company will post 5.58 EPS for the current year.

Institutional Investors Weigh In On Performance Food Group

Several institutional investors have recently bought and sold shares of PFGC. Principia Wealth Advisory LLC boosted its stake in shares of Performance Food Group by 64,576.9% during the second quarter. Principia Wealth Advisory LLC now owns 8,408 shares of the food distribution company’s stock valued at $940,000 after purchasing an additional 8,395 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Performance Food Group in the second quarter worth about $1,867,000. California State Teachers Retirement System boosted its position in shares of Performance Food Group by 10,766.1% during the second quarter. California State Teachers Retirement System now owns 19,960,216 shares of the food distribution company’s stock valued at $2,231,353,000 after purchasing an additional 19,776,523 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Performance Food Group by 38.8% during the 2nd quarter. HB Wealth Management LLC now owns 4,619 shares of the food distribution company’s stock valued at $516,000 after buying an additional 1,291 shares in the last quarter. Finally, AlphaGrep UK Ltd bought a new position in shares of Performance Food Group during the second quarter valued at approximately $622,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Performance Food Group

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: Fiscal fourth-quarter sales increased 6.4% year over year to $18.03 billion, with total case volume up 3.5% and organic case volume up 1.8%. Net income rose 23.4% to $162.3 million, indicating that growth was supported by demand as well as pricing. Performance Food sales and earnings article
• Positive Sentiment: Wall Street’s outlook remains constructive, with 11 analysts rating PFGC a Buy and two rating it a Hold. The consensus rating is “Moderate Buy,” with an average price target of $126.90, supported by recent target increases from several firms.
• Neutral Sentiment: Institutional investors own approximately 96.9% of the stock, and several major funds recently increased or initiated positions. This may provide longer-term support, although the reported holdings changes do not necessarily indicate a near-term trading catalyst.
• Neutral Sentiment: A board member recently resigned, but no reason was disclosed. Without additional details, the immediate effect on PFGC’s outlook is unclear. Performance Food Group board resignation
• Negative Sentiment: Several insiders sold shares between August 20 and 25. Notable transactions included Donald S. Bulmer’s sale of 10,535 shares for approximately $1.12 million, alongside additional sales by A. Brent King, Erika T. Davis and Chasity Grosh. The concentrated selling may weigh on sentiment, even though insider sales can reflect personal or compensation-related decisions. Performance Food Group insider sales
• Negative Sentiment: The latest quarter narrowly missed consensus expectations for both EPS and revenue. Product-cost inflation of approximately 4.7% also raises questions about how much sales growth reflects pricing rather than underlying demand. With PFGC trading below its 50-day moving average and at a relatively high earnings multiple, investors may be more sensitive to modest misses.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PFGC. Weiss Ratings raised Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Wells Fargo & Company boosted their target price on Performance Food Group from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. BMO Capital Markets restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Citigroup raised their target price on Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Barclays boosted their price target 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. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.90.

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.