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 completion of the transaction, the insider directly owned 43,041 shares in the company, valued at $4,519,305. This trade represents a 3.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Performance Food Group Stock Performance

Shares of NYSE PFGC traded up $0.06 during trading on Monday, hitting $104.13. The company had a trading volume of 1,510,628 shares, compared to its average volume of 2,085,358. The stock has a 50 day simple moving average of $92.92 and a 200 day simple moving average of $92.32. 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 12 month low of $80.82 and a 12 month high of $109.05. The firm has a market capitalization of $16.36 billion, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 1.63 and a beta of 0.93.

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

Hedge Funds Weigh In On Performance Food Group

A number of large investors have recently bought and sold shares of PFGC. Goldman Sachs Group Inc. boosted its holdings in Performance Food Group by 30.3% during 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 acquiring an additional 184,066 shares during the period. Empowered Funds LLC purchased a new position in Performance Food Group during the 1st quarter valued at $359,000. EverSource Wealth Advisors LLC boosted its holdings in Performance Food Group by 440.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after acquiring an additional 537 shares during the period. Marshall Wace LLP purchased a new position in Performance Food Group during the 2nd quarter valued at $230,000. Finally, Qube Research & Technologies Ltd boosted its holdings in Performance Food Group by 499.5% during 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 acquiring an additional 273,997 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PFGC. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Citigroup lifted their price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $123.00 price objective on shares of Performance Food Group in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Finally, Barclays lifted their price objective 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. Ten 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 company currently has an average rating of “Moderate Buy” and an average target price of $119.00.

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.