Performance Food Group (NYSE:PFGC) Insider A Brent King Sells 3,518 Shares

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 3,518 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $100.00, for a total transaction of $351,800.00. Following the completion of the transaction, the insider owned 50,371 shares in the company, valued at $5,037,100. This represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 transaction of $332,200.00.
• On Monday, June 1st, A Brent King sold 5,641 shares of Performance Food Group stock. The shares were sold at an average price of $96.63, for a total transaction of $545,089.83.

Performance Food Group Price Performance

Shares of PFGC stock opened at $100.76 on Thursday. Performance Food Group Company has a 52-week low of $80.82 and a 52-week high of $109.05. The stock has a market cap of $15.83 billion, a PE ratio of 47.98, a PEG ratio of 1.56 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The firm’s 50 day moving average price is $92.15 and its two-hundred day moving average price is $92.20.

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

Institutional Investors Weigh In On Performance Food Group

Several hedge funds have recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Performance Food Group during the first quarter worth $28,000. Asset Planning Inc acquired a new stake in shares of Performance Food Group during the first quarter worth $35,000. Torren Management LLC acquired a new stake in shares of Performance Food Group during the fourth quarter worth $41,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Performance Food Group during the fourth quarter worth $43,000. Finally, Clearstead Advisors LLC raised its holdings in shares of Performance Food Group by 132.9% during the fourth quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after acquiring an additional 335 shares during the period. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on PFGC. Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. 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 note on Thursday, May 7th. Citigroup increased their target price on shares of Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $123.00 target price on shares of Performance Food Group in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.