Performance Food Group (NYSE:PFGC) Insider Donald Bulmer Sells 10,535 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider Donald Bulmer sold 10,535 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $105.90, for a total value of $1,115,656.50. Following the completion of the transaction, the insider owned 54,291 shares in the company, valued at $5,749,416.90. This trade represents a 16.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Performance Food Group Stock Performance

NYSE PFGC opened at $104.94 on Wednesday. Performance Food Group Company has a 52-week low of $80.82 and a 52-week high of $117.47. The firm has a market capitalization of $16.53 billion, a price-to-earnings ratio of 45.82, a P/E/G ratio of 1.36 and a beta of 0.91. The company’s fifty day moving average is $110.14 and its two-hundred day moving average is $98.43. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67.

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

Key Headlines Impacting Performance Food Group

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

• Positive Sentiment: Fiscal fourth-quarter sales rose 6.4% year over year to $18.03 billion, while total case volume increased 3.5% and organic case volume grew 1.8%. Net income also climbed 23.4% to $162.3 million, suggesting that growth was not driven solely by pricing. Performance Food sales and earnings article
• Positive Sentiment: Analyst sentiment remains favorable. Citigroup raised its price target to $144, Wells Fargo increased its target to $130, and Deutsche Bank reiterated a buy rating at $133. The stock has a consensus “Moderate Buy” rating and an average target of $126.90, well above recent trading levels.
• Positive Sentiment: Institutional ownership remains high at approximately 96.9%. Reported buying and position increases by California State Teachers’ Retirement System, BlackRock, Primecap Management, Norges Bank and Wellington Management could provide longer-term support for PFGC.
• Neutral Sentiment: Performance Food Group announced the resignation of board member Scott… on August 24. The available report does not provide a reason, making the immediate effect on the company’s outlook unclear. Performance Food Group board resignation
• Negative Sentiment: Multiple insiders sold shares during August 20–25. The largest disclosed transactions included Donald S. Bulmer selling 10,535 shares, Erika T. Davis selling 8,008 shares and A. Brent King selling 8,023 shares, followed by additional smaller sales. Although such transactions may reflect personal or compensation-related decisions, the clustered selling reduces insider ownership and may pressure near-term sentiment.
• Negative Sentiment: Product-cost inflation reached approximately 4.7%, raising concerns about how much reported sales growth reflects pricing rather than underlying demand. In addition, the latest quarterly EPS and revenue results narrowly missed consensus estimates, while PFGC trades below its 50-day moving average and at a relatively elevated earnings multiple.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $133.00 target price on shares of Performance Food Group in a research report on Thursday, August 13th. Morgan Stanley raised their target price on Performance Food Group from $120.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. TD Cowen lowered their price objective on shares of Performance Food Group from $128.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Guggenheim lifted their target price on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company increased their price objective on shares of Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and an average target price of $126.90.

Institutional Trading of Performance Food Group

Several institutional investors and hedge funds have recently modified their holdings of PFGC. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Performance Food Group during the second quarter valued at about $1,867,000. California State Teachers Retirement System raised its holdings in Performance Food Group by 10,766.1% during the 2nd 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 buying an additional 19,776,523 shares during the last quarter. HB Wealth Management LLC increased its holdings in 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 purchasing an additional 1,291 shares during the period. AlphaGrep UK Ltd bought a new position in shares of Performance Food Group during the second quarter valued at approximately $622,000. Finally, Nykredit A S purchased a new stake in shares of Performance Food Group in the 2nd quarter worth about $678,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.