Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 1,353 Shares

Performance Food Group Company (NYSE:PFGC) insider Donald Bulmer sold 1,353 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total transaction of $142,457.37. Following the sale, the insider directly owned 52,938 shares in the company, valued at $5,573,842.02. The trade was a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Performance Food Group Trading Down 0.8%

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

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 analysts’ consensus estimates of $1.60 by ($0.01). The business had revenue of $18.03 billion for the quarter, compared to analyst estimates 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 for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 EPS. As a group, analysts predict that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Performance Food Group

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Performance Food Group during the second quarter valued at approximately $1,576,983,000. Goldman Sachs Group Inc. grew its position in Performance Food Group by 9.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,400,934 shares of the food distribution company’s stock valued at $125,972,000 after purchasing an additional 121,202 shares during the period. Kennedy Capital Management LLC increased its stake in Performance Food Group by 7.3% during the 4th quarter. Kennedy Capital Management LLC now owns 207,351 shares of the food distribution company’s stock valued at $18,645,000 after purchasing an additional 14,173 shares in the last quarter. Hsbc Holdings PLC raised its holdings in Performance Food Group by 30.9% during the fourth quarter. Hsbc Holdings PLC now owns 48,951 shares of the food distribution company’s stock worth $4,408,000 after buying an additional 11,569 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Performance Food Group in the fourth quarter valued at $81,020,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of analyst reports. Weiss Ratings upgraded Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Wells Fargo & Company upped their target price on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. UBS Group lowered their price target on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 14th. TD Cowen reduced 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 research note on Thursday, August 13th. Finally, Guggenheim lifted their target price on shares of Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.90.

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

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.