A Brent King Sells 1,529 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 1,529 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $104.64, for a total transaction of $159,994.56. Following the completion of the sale, the insider owned 50,095 shares of the company’s stock, valued at approximately $5,241,940.80. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 Stock Up 1.0%

Shares of PFGC stock opened at $104.99 on Friday. The stock’s fifty day moving average price is $110.09 and its 200 day moving average price is $98.24. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $117.47. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 45.85, a price-to-earnings-growth ratio of 1.34 and a beta of 0.91. 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 quarterly earnings results on Wednesday, August 12th. The food distribution company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). The business had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.11 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 earnings per share. On average, research analysts expect that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Performance Food Group

Large investors have recently bought and sold shares of the company. Nykredit A S purchased a new position in Performance Food Group during the 2nd quarter worth approximately $678,000. Susquehanna Fundamental Investments LLC acquired a new stake in Performance Food Group during the 2nd quarter valued at approximately $1,851,000. Cookson Peirce & Co. Inc. boosted its holdings in shares of Performance Food Group by 8.4% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 4,103 shares of the food distribution company’s stock valued at $459,000 after acquiring an additional 318 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Performance Food Group by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,472 shares of the food distribution company’s stock valued at $835,000 after acquiring an additional 175 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of Performance Food Group in the second quarter worth $201,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group lowered their target price on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, August 14th. BMO Capital Markets restated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Barclays raised their price target on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $133.00 price objective on shares of Performance Food Group in a report on Thursday, August 13th. Finally, Weiss Ratings raised Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.90.

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.