Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells $166,250.00 in Stock

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

Performance Food Group Stock Performance

PFGC opened at $98.34 on Friday. The stock has a market cap of $15.45 billion, a P/E ratio of 46.83, a P/E/G ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. The stock’s 50 day simple moving average is $89.97 and its 200 day simple moving average is $92.11. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $109.05.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $16.29 billion for 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 company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. As a group, equities analysts anticipate that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on PFGC. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 target price on shares of Performance Food Group in a report on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a report on Thursday, February 5th. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Citigroup increased 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AE Wealth Management LLC acquired a new stake in shares of Performance Food Group during the third quarter valued at about $1,666,000. Maven Securities LTD acquired a new stake in shares of Performance Food Group during the third quarter valued at about $2,589,000. Close Asset Management Ltd grew its stake in shares of Performance Food Group by 7.5% during the third quarter. Close Asset Management Ltd now owns 2,080,377 shares of the food distribution company’s stock valued at $216,536,000 after acquiring an additional 145,387 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Performance Food Group by 10.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 490,701 shares of the food distribution company’s stock valued at $44,124,000 after acquiring an additional 45,867 shares in the last quarter. Finally, Capital World Investors grew its stake in shares of Performance Food Group by 0.8% during the third quarter. Capital World Investors now owns 22,446,853 shares of the food distribution company’s stock valued at $2,335,371,000 after acquiring an additional 185,624 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.