Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells $285,450.00 in Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 2,595 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $110.00, for a total transaction of $285,450.00. Following the transaction, the insider directly owned 40,446 shares of the company’s stock, valued at $4,449,060. This trade represents a 6.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Performance Food Group Trading Up 0.6%

Shares of PFGC stock opened at $112.42 on Thursday. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 53.53, a price-to-earnings-growth ratio of 1.75 and a beta of 0.91. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $113.15. The stock’s 50-day moving average price is $97.78 and its 200-day moving average price is $93.44.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PFGC. Capital World Investors raised its stake in shares of Performance Food Group by 1.0% in the fourth quarter. Capital World Investors now owns 22,663,573 shares of the food distribution company’s stock valued at $2,037,910,000 after acquiring an additional 216,720 shares during the period. Wellington Management Group LLP boosted its stake in shares of Performance Food Group by 46.2% during the 3rd quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock worth $646,447,000 after purchasing an additional 1,964,799 shares during the period. Geode Capital Management LLC boosted its stake in shares of Performance Food Group by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 2,803,918 shares of the food distribution company’s stock worth $252,207,000 after purchasing an additional 36,031 shares during the period. Eminence Capital LP grew its holdings in Performance Food Group by 60.5% during the 4th quarter. Eminence Capital LP now owns 2,647,353 shares of the food distribution company’s stock valued at $238,050,000 after purchasing an additional 998,249 shares during the last quarter. Finally, Invesco Ltd. raised its position in Performance Food Group by 79.1% in the 3rd quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock worth $275,400,000 after purchasing an additional 1,168,869 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Citigroup increased their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $123.00 target price on shares of Performance Food Group in a report on Thursday, May 7th. Finally, Barclays increased their price target on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Ten investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

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.