Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 20,496 Shares of Stock

Performance Food Group (NYSE:PFGC) insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the transaction, the insider now owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Craig Howard Hoskins also recently made the following trade(s):

• On Wednesday, November 27th, Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88.

Performance Food Group Stock Up 1.3 %

PFGC stock opened at $85.22 on Thursday. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $85.45 and its 200 day moving average price is $76.02. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44. The company has a market cap of $13.28 billion, a P/E ratio of 31.45, a P/E/G ratio of 0.95 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). The firm had revenue of $15.42 billion during the quarter, compared to analysts’ expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.15 earnings per share. On average, research analysts expect that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on PFGC shares. Barclays lifted their target price on Performance Food Group from $88.00 to $98.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price objective on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler upped their price target on shares of Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.33.

Institutional Investors Weigh In On Performance Food Group

Several institutional investors and hedge funds have recently made changes to their positions in PFGC. FMR LLC increased its holdings in Performance Food Group by 26.3% during the 3rd quarter. FMR LLC now owns 13,312,402 shares of the food distribution company’s stock valued at $1,043,293,000 after acquiring an additional 2,773,547 shares in the last quarter. Primecap Management Co. CA grew its position in shares of Performance Food Group by 223.4% in the second quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company’s stock valued at $107,447,000 after purchasing an additional 1,122,676 shares during the last quarter. Holocene Advisors LP increased its stake in shares of Performance Food Group by 32.0% during the 3rd quarter. Holocene Advisors LP now owns 2,988,053 shares of the food distribution company’s stock worth $234,174,000 after purchasing an additional 724,094 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Performance Food Group by 27.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company’s stock worth $142,170,000 after purchasing an additional 469,500 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Performance Food Group by 27.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company’s stock valued at $113,093,000 after buying an additional 372,218 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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.