A Brent King Sells 1,320 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 1,320 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $138,982.80. Following the sale, the insider owned 44,216 shares in the company, valued at approximately $4,655,502.64. This represents a 2.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

A Brent King also recently made the following trade(s):

• On Friday, August 21st, A Brent King sold 1,178 shares of Performance Food Group stock. The stock was sold at an average price of $104.43, for a total transaction of $123,018.54.
• On Thursday, August 20th, A Brent King sold 8,023 shares of Performance Food Group stock. The stock was sold at an average price of $104.21, for a total transaction of $836,076.83.
• On Tuesday, August 18th, A Brent King sold 1,529 shares of Performance Food Group stock. The shares were sold at an average price of $104.64, for a total value of $159,994.56.
• On Friday, June 12th, A Brent King sold 6,111 shares of Performance Food Group stock. The stock was sold at an average price of $105.00, for a total value of $641,655.00.
• 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 value of $332,200.00.
• On Wednesday, June 10th, A Brent King sold 3,518 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total value of $351,800.00.
• On Monday, June 1st, A Brent King sold 5,641 shares of Performance Food Group stock. The stock was sold at an average price of $96.63, for a total value of $545,089.83.

Performance Food Group Price Performance

Performance Food Group stock traded down $0.84 during trading on Tuesday, reaching $104.94. The company had a trading volume of 1,404,203 shares, compared to its average volume of 1,966,040. The firm’s 50-day simple moving average is $110.13 and its 200 day simple moving average is $98.33. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $117.47. The firm has a market capitalization of $16.53 billion, a PE ratio of 45.82, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.67 and a current ratio of 1.51.

Performance Food Group (NYSE:PFGC) last issued its quarterly 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 company had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.Performance Food Group’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 EPS. As a group, equities research analysts anticipate that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

More Performance Food Group News

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

• Positive Sentiment: Fiscal fourth-quarter sales increased 6.4% to $18.03 billion, while total case volume rose 3.5% and organic case volume gained 1.8%. Net income increased 23.4% to $162.3 million, suggesting that growth was not driven solely by approximately 4.7% product-cost inflation. Performance Food growth and inflation 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. 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 strong at approximately 96.9%, with reported additions or new positions from investors including BlackRock, Primecap Management and Norges Bank. This may provide longer-term shareholder support, although the reported ownership changes should be monitored for accuracy and timing.
• Neutral Sentiment: Performance Food Group announced the resignation of board member Sc… on August 24. No reason was provided in the available report, making the immediate effect on PFGC difficult to assess. Performance Food Group board resignation article
• Negative Sentiment: Quarterly results were slightly below expectations: adjusted earnings were $1.59 per share versus a $1.60 consensus forecast, while revenue of $18.03 billion trailed estimates of $18.11 billion. With a price-to-earnings ratio above 45, even small misses may weigh on the stock’s near-term valuation.
• Negative Sentiment: Several insiders sold a combined 19,030 shares on August 20–21 for roughly $2.0 million at prices near $104.21–$104.43. The sales reduced individual holdings by about 2.5% to 18.1% and could pressure sentiment, although insider sales can also reflect personal liquidity or compensation-related decisions. PFGC insider trading report

Wall Street Analyst Weigh In

PFGC has been the topic of several research analyst reports. Barclays lifted their price objective on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. 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 report on Wednesday, July 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Citigroup boosted their price target 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, Guggenheim increased their price objective on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.90.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds and other institutional investors have recently made changes to their positions in PFGC. Cedar Mountain Advisors LLC purchased a new position in Performance Food Group during the first quarter worth approximately $28,000. Asset Planning Inc purchased a new stake in Performance Food Group in the 1st quarter valued at $35,000. Torren Management LLC acquired a new stake in shares of Performance Food Group in the 4th quarter worth $41,000. Lloyd Advisory Services LLC. purchased a new position in shares of Performance Food Group during the 4th quarter worth $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Performance Food Group during the 2nd quarter worth $51,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

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.