Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 63,500 Shares of Stock

Performance Food Group (NYSE:PFGC) insider George L. Holm sold 63,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $73.53, for a total value of $4,669,155.00. Following the sale, the insider now owns 531,556 shares of the company’s stock, valued at approximately $39,085,312.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Performance Food Group Price Performance

Shares of PFGC traded up $0.08 during trading hours on Monday, reaching $73.56. 952,316 shares of the company traded hands, compared to its average volume of 1,074,450. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $11.45 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 0.90 and a beta of 1.42. Performance Food Group has a fifty-two week low of $52.92 and a fifty-two week high of $78.54. The stock has a fifty day simple moving average of $66.55 and a 200 day simple moving average of $70.34.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The business had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same quarter last year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts predict that Performance Food Group will post 4.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Truist Financial increased their price objective on Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley cut their price objective on Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Jefferies Financial Group upped their target price on Performance Food Group from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company upped their target price on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday. Finally, BMO Capital Markets upped their target price on Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus price target of $86.38.

Institutional Trading of Performance Food Group

A number of hedge funds have recently added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of Performance Food Group by 114.4% in the 2nd quarter. Quarry LP now owns 2,513 shares of the food distribution company’s stock worth $166,000 after purchasing an additional 1,341 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Performance Food Group by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company’s stock worth $469,000 after purchasing an additional 160 shares during the period. Creative Planning raised its holdings in shares of Performance Food Group by 102.7% in the 2nd quarter. Creative Planning now owns 11,544 shares of the food distribution company’s stock worth $763,000 after purchasing an additional 5,849 shares during the period. Algert Global LLC raised its holdings in shares of Performance Food Group by 9.0% during the 2nd quarter. Algert Global LLC now owns 181,671 shares of the food distribution company’s stock valued at $12,010,000 after buying an additional 15,060 shares during the period. Finally, Susquehanna Fundamental Investments LLC raised its holdings in shares of Performance Food Group by 574.6% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 173,381 shares of the food distribution company’s stock valued at $11,462,000 after buying an additional 147,681 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.